Bloomberg Reports on Stifel Coverage

One of Best Permian Investments Doesn’t Produce Oil, Stifel Says

The shale boom transformed the Permian from an overlooked backwater into the world’s hottest drilling region. But many producers there have delivered little in the way of returns for investors as companies put all their revenue back into new wells to boost output. Texas Pacific has bucked that trend.

“We believe TPL is the best single ETF to own for Permian exposure,” Stifel said.

The downside of buying now is that others have already noticed Texas Pacific’s attributes. The stock has soared 569% in the past four years, far outpacing oil prices.

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