TPL - My Top Oil Stock to Buy Right Now
Between 2018 and 2020, energy was the worst-performing sector on the stock market. The pandemic-induced downturn further strained the industry and resulted in several bankruptcies and record impairments . But one oil and gas company has no debt, $300 million in cash, and is generating record revenue, profit, and free cash flow (FCF).
This hidden gem is Texas Pacific Land Trust (NYSE: TPL) . TPL is one of the few oil and gas companies that has outperformed the market over the past three years. The simple reason: It owns a lot of land with oil and gas reserves -- namely in the Delaware/Permian Basin of West Texas and eastern New Mexico. As one of the largest private landowners in Texas, TPL can sit back, relax, and rake in profits. Here's what makes TPL a top oil stock to buy now.
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My Top Oil Stock to Buy Right Now