Author Topic: TPL - Texas Pacific Land Trust  (Read 42490 times)

Castanza

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Re: TPL - Texas Pacific Land Trust
« Reply #70 on: March 09, 2020, 09:22:38 AM »
Anyone watching this at these levels?
Core: MSFT | GOOG | INTC | PLTR | CMCSA | VZ | RTX | MSGS | BATRK | WFC | USB | PNC | BAC | TPL | PPL | PCYO | GRBK | PLNT | ATCO | ESPO | HACK

Funny Money: NIO


Gregmal

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Re: TPL - Texas Pacific Land Trust
« Reply #71 on: March 09, 2020, 09:36:26 AM »
Anyone watching this at these levels?

Yup

Castanza

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Re: TPL - Texas Pacific Land Trust
« Reply #72 on: March 09, 2020, 10:16:05 AM »
Anyone watching this at these levels?

Yup

Added a few shares at 500. Could bite me in the ass, but I still like the long game.
Core: MSFT | GOOG | INTC | PLTR | CMCSA | VZ | RTX | MSGS | BATRK | WFC | USB | PNC | BAC | TPL | PPL | PCYO | GRBK | PLNT | ATCO | ESPO | HACK

Funny Money: NIO

Sombunall

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Re: TPL - Texas Pacific Land Trust
« Reply #73 on: March 14, 2020, 12:46:41 PM »
Me too.


Sombunall

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Re: TPL - Texas Pacific Land Trust
« Reply #74 on: March 14, 2020, 12:48:46 PM »
Just five shale drillers—Exxon, Chevron, Occidental, and Crownquest—can drill new wells at a profit at $31 per barrel of West Texas Intermediate. [The first 3 are TPL producers]

The situation is more positive for drilled but uncompleted wells, according to Rystad. The consultancy said yesterday that as much as 80 percent of DUCs in the U.S. shale patch have a breakeven price of less than $25 per barrel of WTI. [TPL has nearly 500 DUCs]

https://oilprice.com/Latest-Energy-News/World-News/Only-5-Shale-Drillers-Are-Still-Profitable-At-31-Oil.html

Philbert77

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Re: TPL - Texas Pacific Land Trust
« Reply #75 on: June 16, 2020, 04:02:44 PM »
Some small progress being made on the C-Corp transition. I cannot wait to have the opportunity to vote on the board of directors. There are a couple names I am quite confident won't last long.

https://www.tpltrust.com/investors/news-events/press-releases/detail/105/texas-pacific-land-trust-provides-update-on-corporate

Foreign Tuffett

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Re: TPL - Texas Pacific Land Trust
« Reply #76 on: June 17, 2020, 09:56:07 AM »
Just five shale drillers—Exxon, Chevron, Occidental, and Crownquest—can drill new wells at a profit at $31 per barrel of West Texas Intermediate. [The first 3 are TPL producers]

The situation is more positive for drilled but uncompleted wells, according to Rystad. The consultancy said yesterday that as much as 80 percent of DUCs in the U.S. shale patch have a breakeven price of less than $25 per barrel of WTI. [TPL has nearly 500 DUCs]

https://oilprice.com/Latest-Energy-News/World-News/Only-5-Shale-Drillers-Are-Still-Profitable-At-31-Oil.html

Quote from XOM's most recent investor day slide deck regarding its Permian position: "Sustaining ~10% return at $35/bbl." So maybe it can eke out a low single digit profit margin at $31, but why consume acreage position (which XOM spent billions on) to break-even? It wouldn't, which is why it has stacked out 75% of its Permian rigs.

Former Teldar Paper Vice President

Sombunall

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Re: TPL - Texas Pacific Land Trust
« Reply #77 on: June 18, 2020, 07:39:17 AM »
Because A) their other acreage is worse, or not profitable at all B) they have hedged the production at higher prices and C) all Permian acreage is not equal - there is a big difference between Delaware and Midland, maybe laying down Midland, but not so much the Delaware (where TPL is). TPL is a no-brainer here if you think the long-term oil price will average at least $40...