Thanks to @gmd suggesting a daily discussion thread now I am going to do a daily stock as well. Every morning will pick a stock and value it from a bitcoin perspective.
Today’s Stock: Texas Pacific Land Corporation
Looking for dividend stocks in oil I came across this gem. Never bought any shares but I was shocked at how expensive it was. Now in the past year it is down 30% and it is still too high in my opinion for an investment. Oil is looking bearish in the future but they should be able to pay it’s dividend!
My Thoughts 💭
An oil and gas dividend darling! With a flawless balance with modest growth. A little over 1M sats for one share (@ $88k bitcoin price) pays about 7k sats per year in yearly dividends. Would take almost 140 years to recover initial investment. Not great value here. The stock is down 30% and oil is down. High risk of losing 1M sats to chase 7k sats in yearly payments that will go down as the Bitcoin price rises.
PE:
Expected Growth :
Revenues and expenses
Balance Sheet:
Dividend:
Great company but I’m not a bull on oil. Not great value here. But if you want an great oil company no shame in owning this one. If I am wrong about oil this would be a great stock to own for the long term.