Pure play USA Bakken company. Good US option. Returning 75% of cash flow to investors. Strong management team. Better opportunities in Canada. Expecting 50% upside at $80 oil.
Has since sold shares due to strength in share price.
Sees better upside in Enerplus.
Likes company - expecting ~50% upside.
Quality company over all.
Good for long term shale investors in USA.
Made money and sold for a name with better quality and inventory depth. He does still own some in an income fund. CHRD is doing everything it should. See his Top Picks for a name with better upside relative to risk.
His only US name. Trades at a parity valuation with Canadian names. Very economic with 10 years of Bakken inventory. Rewarding shareholders with 75% of free cashflow. Lots of upside with increased price of oil.
US Bakken name with 10+ years of inventory.
Committed to return 75% of free cash flow to investors.
Will most likely see higher returns to shareholders in the form of dividends and share buybacks.
Expecting a double in share price.
Excellent fundamentals going forward.
Only US holding.
Consolidator of Bakken assets in USA & Canada.
Trading at 1.8x cash flow @ $100 oil.
Currently trading at 19% free cash yield @ $80 oil.
Has committed to returning 75% of free cash flow yield.
Chord Energy Corp is a American stock, trading under the symbol CHRD-Q on the NASDAQ (CHRD). It is usually referred to as NASDAQ:CHRD or CHRD-Q
In the last year, 7 stock analysts published opinions about CHRD-Q. 6 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Chord Energy Corp.
Chord Energy Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for Chord Energy Corp.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
7 stock analysts on Stockchase covered Chord Energy Corp In the last year. It is a trending stock that is worth watching.
On 2023-11-30, Chord Energy Corp (CHRD-Q) stock closed at a price of $162.11.
Recently re-established a small position, about 3%. Paying 75% of free cashflow to shareholders, debt free, significant discount to US peers. Big enough to attract institutional investors once the sentiment tide turns to energy. 50% upside at $80 oil.