Compared to a year ago, Texas Pacific Land has delivered a healthy total return of 16%, even as shares have stumbled nearly 21% year-to-date. Short-term moves reflect mixed sentiment, with the past month showing a 6% recovery, though that comes after a tough stretch over the past 3 months.
Crude oil prices began the week with a rise, building on gains made last week. At the time of writing, Brent crude was trading at $67.29 per barrel, with West Texas Intermediate at $63.06 per barrel, both up from opening.
Curious Minds Corner
How many times more gas can you store by cooling natural gas into LNG?