Replies to post #449 on Texas Pacific Land Corporation (TPL)

[couldbebetter]

The $100 million land sale will be reported in Q1 and is supposed to
be a 1031 exchange which should defer taxes. I am nor certain how
they will account the transaction for earnings. I imagine they will
use the proceeds to buy "like kind" properties which should add to
cash flow. I doubt if management will hold a conference call.
Perhaps the new properties purchased will be synergistic to TPL's
water operations. Water services revenues could really drive future
growth. One wildcard are the (over 200) DUCs, once completed, those
should be a solid boost to earnings. Perhaps the DUC number will
grow further before it declines. No way to calculate this, but one
can speculate that not only will the DUC's increase production of
hydrocarbons, but may also increase the use of TPL water services.
Again, all of this is just speculation on my part.