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XOM - Texas Pacific Land Trust: Exposure To Oil Price Recovery With 40% Upside Potential
Exxon Mobil Corporation
In the past two months, the weak global oil demand, combined with excessive oil inventory, has significantly driven down the oil price. We always believe that oil prices will recover sooner or later, although it is impossible to predict the timing. One of the safe bets, which will benefit from oil price recovery, is Texas Pacific Land Trust (TPL). Being a landbank, with substantial cash on hand and little debt, TPL is considered a safe stock for investors to get exposure to potential upcoming oil price recovery.