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Texas Pacific Land (TPL) is not like any other company. It generates income from land in order to slowly liquidate itself by buying back its outstanding shares. We see a number of reasons to be bullish on TPL:
Increased tension in the Middle East and a return of the risk premium in oil.
Rising shale prospects in general, Texas Permian in particular.
A truce in the proxy fight.
Texas Pacific Land is one of the oldest and most interesting companies listed on the NYSE. The story has been told here on SA numerous