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Re: Nestegg McMuffin post# 1286

Friday, 07/31/2020 7:19:41 PM

Friday, July 31, 2020 7:19:41 PM

Post# of 1492
Indeed, CVX in its earnings presentation appears to be dramatically
stopping development activities in the Permian, this will create poor
earnings for TPL until the situation reverses. If one annualized the
earnings it would be $15. Give it a PE of 15 and one gets $225. Not
saying it will get there as I doubt if production will be allowed to
fall for too long...but the price of TPL should slip lower for now.
(Of course, I hope to be proven wrong.)
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