Texas Pacific Land Corporation (TPL)

[couldbebetter]

TPL stock has always been volatile, in large part because it is
thinly traded. TPL is very safe as they have zero debt, are cash
rich, and will collect on royalties & easements without being required
to spend a dime. Water services is an opportunistic business where
owning the land and the source of the water gives one a strong advantage
over those companies who do not have things. However long this bear
market in both oil prices and the stock market lasts, TPL will be fine.
Eventually both oil and the markets will turn around. Meantime, Shell,
Chevron, and Anadarko will continue to spend billions of dollars
expanding their operations which will benefit TPL further. If one
looks at TPL's recent history you will find it has had many steep
drops in the past which are usually punctuated by very sharp advances.
The historic low PE for TPL is around 15. 15 X $26 = $390. Buying at
that low of a level might work out very well or someone with a 3-5 year
time horizon.