The funds are driving this now as they're happy to buy and hold for 3-5 years with a company this well protected, i.e. no debt and revenue only goes up with inflation. And all those DUCs waiting in the wings for next surge in oil demand.
Ticker price probably too high for average penny-grubbing ihubber.
Conf. call was generally pro. No bungles but no hype either. A few more testing questions would have been nice, but overall on we go.
Do not see any hedge funds nor ETFs are TPL shareholders yet. Expect November Board meeting to be a major inflection point. Old Trustees get voted out by shareholders,new Managemnt streamlines the water business , new growth/leverages opportunities. Dividend policy expands. Murray Stahl and his associated shareholders are going to make existing shareholders a lot of money in next few years. $3,000 plus by end of 2023 IMHO
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