Texas Pacific Land Corporation (TPL)

[Nestegg McMuffin]

Off to a good start - New 52 Week High at $843.84.

So up 5% on first day as a corporation.

Monthly MACD heading back up after four year rise and fall is a big bull signal for me. Won't be surprised if we hit $1000 per share before too long. Buy-Sell ratio is nearly 4-1 today, presumably on first influx of institutional buyers. Partly depends on upcoming 10-K, but last Q showed revenue held up pretty solidly despite pandemic plunges all around, esp. in energy sector.

Royalty model means it doesn't matter if rest of the oil sector and Permian corrects and consolidates, just so long as they keep their drilling on $TPL land. No capex other than for water biz, which some think will spin off now under corporation status. (Insurance risks too high, for one thing.)

We shall see, but so far, so good.

Plus news of a stock split should materialize before too long.