TPL - Texas Pacific Land shatters all-time highs as powerful play on rising oil prices

Texas Pacific Land (TPL) scored another all-time high today, capping a powerful rally that has seen the stock double since February 1.TPL has soared because of rising energy prices, the significant advantages of converting from a trust to a corporation, and continued insider buying even at current elevated prices, WYCO Researcher writes in a new analysis published on Seeking Alpha.The company owns a large amount of surface land acreage and royalty interests in west Texas that have not been developed yet.Horizon Kinetics' Murray Stahl has been a big supporter since at least last July, when he called TPL "the best piece of property... on the planet" to take advantage of rising crude oil prices, noting the profitability and a "quite robust return on equity" for the company.TPL's price thrived despite years of a deflationary environment in oil, so Stahl asked "can you imagine what would happen if you actually had

For further details see:

Texas Pacific Land shatters all-time highs as powerful play on rising oil prices