Texas Pacific Land Corporation (TPL)

[couldbebetter]

US producers in the Permian will continue to reduce their cost of production by finding new technologies and/or upgrading old technologies. The Saudies will not break the US producers financially even if they were to drive the price down to $30.00 a barrel. The more the Saudies produce the more they hurt themselves. In 10 years time the Permian may be producing 9-10 million barrels a day. TPL will benefit from both the installation of pipelines, roads, and facilities; as well as royalties generated from oil & gas production. My best guess is EPS of $10-$20 a share within the next 10 years. ( If energy prices become too depressed the royalties could fall, but production should be higher.)