>>>>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. <<<<
We are talking about everyone grabbing for their share of the gold ring. Current value $7B Potential value 10-20 years down the road possibly $50 B or more For those that have given it any thought at all, it is probably one of the most compelling stocks trading on the market for identifiable value creation. I've said it before, and I'll say it again. "People have killed others for a lot less than the potential prize here"
That's why TPL management and the trustees have been fighting so hard to keep it for themselves.
b&w