Re: Texas Pacific Land To Explore C-Corp
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I have been asking myself that too. Management problems often tank stocks.
But . . . I find it remarkable that despite this sordid comedy, TPL has not tanked in the least bit so far. Indeed, it has held up extraordinarily well relative to the generally miserable performance of energy stocks in recent months.
This tells me that the market is not letting the prospect of a prolonged legal limbo undermine its valuation of TPL’s unique assets. So far.
Other opinions welcome.