BWS Financial Inc

BWS provides independent stock specific research focused on companies with distinct value that are going through a special situation where there is a tangible catalyst not priced in. The catalyst can be anything from new product, restructuring, M&A, management change, change in business strategy, etc. BWS’s focus is to understand the change and evaluate the potential return for investors.

BWS utilizes a self formed proprietary approach in discovering stocks by putting great emphasis on deep research. BWS does generate short recommendations following a similar criteria.

Independent Stock Specific Research

TPL: Rising Production, Raising Estimates

Founder, BWS Financial Inc

Hamed Khorsand

Founder

Equity Bottom-Up

<ul type="disc"><li>Crude oil prices rising in the third quarter sets the course for Texas Pacific Land (TPL) reporting an increase in third quarter revenue. TPL is on course to benefit from the steady rise in crude oil prices.</li></ul> <ul type="disc"><li>Permits in the Permian Basin are up in the last few months and, according to the US Energy Information Administration (“EIA”), energy companies have started production from drilled uncompleted (“DUC”) wells.</li></ul> <ul type="disc"><li>TPL has built a business where there is a compounding effect from the different services the Company provides. The increase in activity should result in TPL selling more water services and generating greater number of surface easement agreements.</li></ul> <ul type="disc"><li>The current pricing environment should enable TPL to easily beat our third quarter expectations and help reverse some of the selling pressure plaguing the shares in recent months.</li></ul>

Crude oil prices rising in the third quarter sets the course for Texas Pacific Land (TPL) reporting an increase in third quarter revenue. TPL is on course to benefit from the steady rise in crude oil prices. Permits in the Permian Basin are up in the last few months and, according to the US Energy Information Administration (“EIA”), energy companies have started production from drilled uncompleted (“DUC”) wells. TPL has built a business where there is a compounding effect from the different services the Company provides. The increase in activity should result in TPL selling more water services and generating greater number of surface easement agreements. The current pricing environment should enable TPL to easily beat our third quarter expectations and help reverse some of the selling pressure plaguing the shares in recent months.

Texas Pacific Land

TPL: Flowing Downstream to Earnings