TPL - Texas Pacific Land: Striking Black Gold In The Permian

2024-04-10 10:47:52 ET

Summary

• Texas Pacific Land Corporation presents a unique investment opportunity with diverse revenue streams and exposure to increased development in the Permian region.
• TPL's royalty interests provide pure-play exposure to oil and gas production without the costs and decline rates of direct well ownership.
• The company's strong balance sheet and potential for future growth through renewable energy and water infrastructure projects make it an attractive investment in the Permian Basin.

In our view, Texas Pacific Land Corporation ( TPL ) presents a unique and compelling investment opportunity.

The company's diverse revenue streams, which include oil and gas royalties, water sales and royalties, and surface-related income, provide exposure to increased development within the Permian region while mitigating the risks associated with direct oil and gas production....

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