$TPL, a company recently transitioned from the S&P MidCap Index to the S&P 500, has sparked discussions among shareholders and investors regarding its liquidity and valuation. Some investors are questioning how $TPL maintains sufficient liquidity to qualify for the S&P 500, while others suggest the stock may still be undervalued. The latest investor presentation indicates that the transition has led to a significant technical surge, although it is noted that such moves typically result in minimal technical boosts. The conversation reflects a broader interest in $TPL, particularly due to the lack of Wall Street coverage and the potential implications of its index movement on share performance.