Texas Pacific Land Corporation (TPL)

[couldbebetter]

Anyone here have an opinion on how high the stock price may go within the next 3 years, let's say by the end of 2019. My guess is it could hit up to $600.00 based on earnings of $15.00 and a PE of 40. Given that Chevron expects its production to nearly triple over the next few years and APA will ramp up production from second half of 2017. The increased production should impact TPL earnings but the price they receive will be a big factor. If oil and gas prices are at a higher level in 2018/2019 so will earnings of TPL. My "guess" of a $600.00 price target would be doable with oil around $60. If oil falls to or remains around $45.00 it would be more problematic. Regardless, TPL should be good for a run of 20-30 years of solid oil/liquids production which will reduce the outstanding share count by 25% over the next 10 years. Sure would be interesting if some multi-billionaire tried to capture all the available float and let the buybacks occur at $1,000 a share. In other words allow just enough float in the market to keep the buybacks at a high price level. Any thoughts by anyone else here?