Texas Pacific Land Corporation (TPL)

[couldbebetter]

I don't recall ever seeing TPL trading at as low of a PE ratio
as what it may be trading at today. Sure hope if management is
not buying back shares, they will begin to do so very soon.

Historically, a PE of 15 marks the low point for the stock. At today's
low of $390 the trailing PE was 9.5! When oil prices are depressed in
when TPL should be buying back shares.