Southcross Energy: A Fixer Upper MLP In A Great Neighborhood [Seeking Alpha]
SOUTHCROSS ENERGY (SXE)
Last southcross energy earnings: 5/10 06:05 am
Check Earnings Report
US:NYSE Investor Relations:
investors.southcrossenergy.com
Company Research
Source: Seeking Alpha
Summary Southcross Energy ( SXE ) is a midstream MLP, connecting Eagle Ford and Permian gas to the Corpus Christi pull demand. With 22 million shares trading at under $0.50, I think there is a chance for this stock to possibly quintuple. A lot of things can go wrong for SXE, though. This asymmetric opportunity has a real a possibility of dying a slow death and going to zero. I am cautiously long with a small position. SXE primarily consist of 3,100 miles of pipeline in south Texas, Mississippi and Alabama, a 22,500 Bbls/d fractionator (Bonnie View) and two processing plants. Most of SXE’s assets are located in south Texas and are situated to connect the Eagle Ford to Corpus Christi. Southcross Holdings owns 72% of SXE as well as 800 miles of pipeline and a 64,000 Bbls/d fractionator in Robstown, TX, which it has agreed to sell. To give a very brief history of the company: SXE was crushed by debt after the 2014 energy crash. It had a lot of debt, narrowly escaped bankruptcy
Show less
Read more
Impact Snapshot
Event Time:
SXE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SXE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SXE alerts
High impacting SOUTHCROSS ENERGY news events
Weekly update
A roundup of the hottest topics