- It’s not a surprise why the shares of Texas Pacific Land crashed quite spectacularly; this is entirely oil driven.
- Looking closer, we think that as long as the price declines don’t persist for years and spill over into volume effects, the shares should offer value here.
- The risk is that Permian oil production volumes are affected, but for this to happen a prolonged bear market in oil is required, measuring in years.
- That risk, while certainly not zero, seems fairly small to us.
Texas Pacific Land Crashed Along With Oil, What Now?
December 4th, 2018 · No Comments