17 thoughts on “S&P400?”

  1. Things falling into place nicely:

    Institutional quality presentation….very informative.
    Re-do of Corporate By-Laws….
    Now will be an S&P mid-cap component….

    Looks to me like there is a plan evolving to do some sort of deal as management has been busy dressing up the company for “something” happening soon.

    SJT

    Like

  5. 24%+ on no news? Is this just an exaggerated index inclusion bump due to the comparatively illiquid nature of the stock?

    Liked by 1 person

    • Not too exaggerated. Index uplisting exposes to TPL to whole new slew of huge investors, plus shorts went up 5% last month to $500M, so bet there was some “oh shit” covering today.

      Liked by 1 person

  6. According to MarketWatch volume today 562.57K is 704% VS 65 day AVG. FINRA website will publish last half of May Short Interest data tomorrow in the late afternoon. We won’t see first half of June data until June 26th.

    Liked by 1 person

    • Todays VOLUME: 384.83K is 482% VS AVG according to MarketWatch. End of May Short Interest according to the FINRA website is 812,127 shares short a decline of 16,800 shares short since May 15th or 3.54 % of the 22.95 million Public Float. That is down from 828,927 shares short or 3.81% on May 15th. To Riff off the Toby Keith song, “How do you like me now? Now that I am on my way!”

      Liked by 1 person

        • Looking at the sum of the last four days volume it is 1,505,634 shares traded significantly more than the 812,127 shares that were reported short by FINRA for May 31st. That equates to almost 700,000 shares that can’t be attributed to short covering if 100% of the shares short were redeemed. The obvious conclusion is someone is building to or adding to a position in TPL stock.

          I also notice that Simply WallSt is reporting 4.72% [ownership] by Horizon Kinetics LLC 1,085,031 [shares] worth US$843.4m [a decline of]-71.3% reported as of May 31, 2024. Does anyone have more information about that?

          Liked by 1 person

        • Here is a link to the latest SEC Filing from TPL’s website it is for Horizon Kinetics dated 6/6/2024 and lists 1,085,043 “Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)” That is the same order of magnitude that Simply Wall St reported for HK 1,085,031 shares giving 4.72% ownership. Simply WallSt is showing the report date as 5/31/2024. I am just trying to make sense of this. I haven’t been able to find a copy of that May 31st filing yet.

          https://www.texaspacific.com/investors/sec-filings/all-sec-filings/content/0001437749-24-019550/0001437749-24-019550.pdf

          Like

  7. 3:1 stock split ASAP.

    It’s important for accessibility for a broader range of investors, which will enhance liquidity and trading volume as part of index inclusion.

    If the needs more shares after another split, that can be an item for the next board meeting.

    Liked by 2 people

Comments are closed.