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Texas Pacific Land Trust (TPL)

NYSE - Nasdaq Real Time Price. Currency in USD
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375.00+6.70 (+1.82%)
As of 11:34AM EDT. Market open.
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  • B
    Burger
    Burger
    Is it just me, or does this look a lot like Sept. 2016...
  • g
    glenn
    glenn
    Earnings out TPL earned $2.12 a share for the quarter with reported water sales of $6.84 million. Wow! We should get to over $8.00 for 2017. I am surprised at the amount of revenues that water is bringing in.
  • g
    glenn
    glenn
    Will everyone here please sell so I can buy more at a lower price! (Seriously, I don't think this will ever go low enough to make me happy.)
  • F
    Frank
    Frank
    I wish there was a way to get a better handle on TPL's prospects. Of all the companies I have seen, this is by far the hardest to evaluate. Virtually no communication, analyst coverage or even news releases. How can you project earnings or value the company if ther is no info
  • g
    glenn
    glenn
    Looks like TPL will hit a new all time high prior to earnings. APC reported that their production from the Delaware was up 52% from the year ago quarter. Looks like APC will continue to develop this area further. I think TPL will be reporting for the first time their DUC wells (drilled but un-completed) on their lands. (Just royalty land?) Anyway, stock will probably spike with the earnings report, then sell off some. (How I wish we could people to write negative articles to get some shorting done here. Oh well, that's not very likely.) I am hoping we hit below $300 before we get to over $400.
  • P
    P Cis
    P Cis

    From Kinetics, the largest TPL shareholder. TPL on page 8, but great read all around.
    http://horizonkinetics.com/wp-content/uploads/Q2-2017-Commentary_APPROVED_FINAL.pdf

  • K
    Kenneth
    Kenneth
    So much for buying in today, I'll wait and hope for low $300s
  • g
    glenn
    glenn
    Hit a new all time high today. Tomorrow earnings should be out. Volume almost 60,000 shares. Might be a good idea to sell some trading shares if it hits into the 340's. Looking forward to devouring the quarterly report, especially to see how they report the PUC's, to see what is added to "deferred revenue," and, to see if they will segregate the water business.
  • g
    glenn
    glenn
    Over 41,000 shares traded yesterday, that's good volume for this stock. 2nd quarter earnings should be good, giving the stock price a further boost. My belief is that 2018 will the the 1st year that we see some impact of production from areas that are using 2017 to buid out infrastructure to gather and send out production. This is one stock that I hope for large selloffs as those will be excellent buying opportunities. Should oil prices be in the 50's during 2018 that would be a boost to earnings. So long as oil stays between 40-50 TPL should do fine. I am curious to see if our easement and sundry income moves higher in the 2nd quarter, as this will be a harbinger of higher production in future quarters.
  • g
    glenn
    glenn
    Spoke with Mr.Packer today for info on the water business. Sounds like they plan to move slowly for now, mainly selling water from their surface lands, to operators who are interested. By being in the business they can keep a closer eye on how their resources are used and make certain they are not misused or abused. (Sounds very sensible to me.) They have no plans to build pipelines or infrastructure unless or until they have the commitments to make it worthwhile. TPL believes they have enough money to both continue to buy back stock as well as invest in the water business. In time water will be a limitting factor as the more robust oil producers will require massive amounts of sand and water. It should speak volumes that Mr.packer called me back on a Friday evening at 7:15 EST. TPL hired a couple of people wh used to work for EOG. One advantage TPL has is they own so much land that anyone else wanting to do anything would require TPL's approval. I get the impression that for now TPL deals with the operators who provide equipment needed. For now, at least I don't see this needing very much money. That may change as the situation changes. (All just my impressions.)
  • J
    John
    John
    i hope the new division is limited to five assistants and ten secretaries{all feminine} and delivers a profit the first year
  • z
    zacka
    zacka
    This water adventure sounds weird for this trust. Unless there is full disclosure of the strategy and financial impact, ROI timeline etc more often these type of initiatives end up creating useless work justifying higher salaries and execs bonuses. The fact there is very little info online on this is also weird...been long term holder...hope they will issue full disclosure and show accountability to shareholders with checks and balances on funding "good ideas" and stick to the trust mission....eh not sure any more thoughts?
  • z
    zacka
    zacka
    Why did they choose now and why this water initiative? Who approves and decide on these moves? Thought the trust is supposed to self liquidate??? Was there a general meeting for shareholders on this?
  • F
    Frank
    Frank
    I always thought that their charter prohibited them from not doing anything but buyback shares (and pay a paltry dividend). This water move adds risk to a stock where there wasn't before. Before they were a cash cow, now they're becoming a regular company
  • g
    glenn
    glenn
    Anyone know why the stck is up today?
  • P
    Paxmaker
    Paxmaker
    Absolutely great move today to create a Water Resources Company, In a down oil market, this will make up revenues and address environmental issues, all high margin operations.
  • A
    Anonymous
    Anonymous

    Pride is a powerful narcotic, but it doesn't do much for the auto-immune system. http://dataunion.tistory.com/11411

    Texas Pacific Land Trust NYSE $TPL Correlation Histogram
    X axis : Stocks Price Correlation Coefficient Y axis : Quantity of stocks Sep-2016 1,000 Day Parameter 4,338 NYSE Stocks Price Analysis This stock mode of correlation coefficient is 0.7 In other words, the correlation coefficient of the other stocks
    dataunion.tistory.com
  • J
    Jonny
    Jonny
    When you increase your profits by over 100%, and you are buying back 2% of the shares per year, you should see substantial growth. Even with the price of oil going down, the build out of infrastructure continues, which will increase sundry income as well as royalties.
  • N
    Neil
    Neil
    WOW. Great operating results for TPL just announced-copied below for Q1 2017:

    Results for first quarter 2017:
    Net Income of $14.9 million, or $1.88 per sub-share, for first quarter 2017, compared with $7.3 million, or $0.90 per sub-share, for first quarter 2016.
    Revenues of $24.2 million for first quarter 2017, compared with $11.9 million for first quarter 2016.
    Increases of 112.7% in easements and sundry income and 99.5% in oil and gas royalty revenue for first quarter 2017, compared with first quarter 2016.

    Best regards to all TPL longs.
    Imagerainbows-are-amazing
  • P
    Pete
    Pete
    Just the beginning