Texas Pacific Land Corporation (TPL)

[couldbebetter]

More Thoughts...

Because management could not negotiate a compromise Trustee nominee,
they have an inane proxy war which damages all parties involved. The
unintended consequence of this quagmire might end up with the unexpected
sale of the Trust. Management has the least to gain if a takeover offer
were to succeed as they would most likely lose their positions. Thus,
any negotiations by an interested party would be unlikely to produce an
agreement. Once a potential bidder figures this out they may decide to make an offer that is public in order to force the decision to a vote by
shareholders. Given the bad feelings generated by this war on both sides,
many of these investors may decide to throw in the towel by accepting a
takeover offer. This is all just speculation on my part..blame it on my
early morning coffee intake.