I do hope your right. I really believe that TPL will have 5 GOLDEN years coming up during which time we will see 800-1200. 1500 may be a stretch but one never knows. Very few people understand what is going on in Loving, Reeves, and Culberson Counties with Chevron, Shell, and Anadarko. This is just the beginning.
Does the 3.12 estimate include the settlement payment or a sale of lands? My clean estimate is around 2.40-2.75. Then we need to see how to get to 20.00 in EPS to get to 1000.00 a share.
I would think the potential of the water business revenue, increase in oil and gas prices (inflation) and increased production, plus the wild card of APA's property on TPL's land or newly discovered oil and gas north of 3rd base all contributes to an increase in earnings to support a PE of 50+.
Then you have the decease in shares.
This is a textbook inflation hedge story and stock with very unique variables in a good state for business.