Texas Pacific Land Corporation (TPL)

[couldbebetter]

This year TPL may earn $30 for 2018. That places TPL @27X EPS.
Given we normally trade at 50X trailing 52 week earnings, if that
holds true, in about 6 months time we could be trading at $1500 a share.
That is not a prediction by any means, just a past measure that shows
what the potential future price could be. My target price for TPL
is $3000 within 3-5 years time. My take is that every major energy
producer on or around TPL lands is building out their infrastructure.
This process may continue for at least the next 5 years, perhaps even
longer. This process will bring in higher production levels and create
more demand for water services. TPL will benefit from all ends with
this. So TPL will grow without any debt...all the while using its
ever growing profits to buy back (and cancel) stock as well as to
continue to pay out special dividends. For most of those invested
here, this is the safest stock you ever have owned.