TPL used to be THE bright spot in the rather depressed or volatile Energy Sector. All came crashing down when the bitter feud between its trustees escalated to a blitzkrieg of derogatory remarks mailed to shareholders by both sides around proxy voting time. Due to my tiny position in the stock, I ignored the noise and got out like many a shareholder hurt by the in-fighting.
To be honest, I can’t say I care about who won this fight (if any) but if anybody here understands the results or consequences thereof and is willing to share their thoughts, that would be great! With all the tech talk floating around, I think TPL is back to flying under the radar, merely managing land and collecting royalites on oil & gas. The stock is currently down around 26% from its 52-week high.
Is it worth rebuying?
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.