Texas Pacific Land (NYSE:TPL) has entered a US$50 million partnership with Bolt Data & Energy to develop data centers on its West Texas land, diversifying its business beyond oil and gas royalties. This initiative, alongside continued share accumulation by major holder Horizon Kinetics, signals strong insider confidence despite the company’s lofty valuation. Investors are advised to monitor the execution of these projects and cash flow quality, given the high P/E ratio and non-cash earnings.
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Texas Pacific Land Data Center Pivot Meets Lofty Valuation And Insider Buying
Texas Pacific Land (NYSE:TPL) has entered a US$50 million partnership with Bolt Data & Energy to develop data centers on its West Texas land, diversifying its business beyond oil and gas royalties. This initiative, alongside continued share accumulation by major holder Horizon Kinetics, signals strong insider confidence despite the company’s lofty valuation. Investors are advised to monitor the execution of these projects and cash flow quality, given the high P/E ratio and non-cash earnings.