Texas Pacific Land Corporation (TPL)

[couldbebetter]

Ranchhand71, Your #3 is what I believe is driving the stock price and
volume. This company could become a Franco-Nevada Gold! High PE,
little or no debt, high quality long lived assets. There are so many
directions this company could go in, for example, acquiring for stock
an undervalued gold/copper producer for some exposure to a "green"
metal like copper, as well as some geographic diversification. My
concern is the high PE and if the management can use its high valued
stock to acquire more reasonably priced assets that would be accretive
for the long term, that would be good! Of course, simply using some
excess cash to buy back stock at opportune times also would work.