Texas Pacific Land Trust

TPL: Rising Production, Raising Estimates

Equity Bottom-Up
128 Views, 20 Jan 2022 21:47
EXECUTIVE SUMMARY
  • TPL remains unhedged to the price of crude oil with Permian Basin output rising. Total output in the Permian Basin is projected to surpass 5 million barrels per day 
  • The increase in output would have an immediate benefit to TPL in the form of royalties and could generate incremental water and surface land easement revenue
  • TPL’s stock has been selling off with the broader market in what we speculate could have to do with no action from TPL’s Board after the annual shareholder meeting
detail (9-minute read)
WHAT’S TRENDING
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