Texas Pacific Land Corporation (TPL)

[Aitkenresearch]

I think right now what’s holding down the price is uncertainty, but the asset is the same now at a PE of 17 as it was last year when the PE was 40-50 and a high of over 60. Lack of buying by TPL while in the black out period.
If interest rates come down the dollar shld also fall which means higher oil price.
If the new entity has more of a div yield will bring in new yield investors as well as if the price splits it will bring in more retail investors.
Also new entity will be included in more mutual and index funds creating more demand.
We all know about the water opportunity.
Plus other revenue streams that may surface bc of the new business model.
Lastly the Fed may lose control of inflation, which TPL is a terrific hedge vs allocation to fixed income.

I’d like to see them start investing in streaming royalties for mining nickel. The price is starting to trend higher over 8.00. That would be a hedge for the electric car in the future and less oil.
However oil demand is still rising every year to around 100 million barrels a day and climbing 1 million more per day per year.