Added to YB: 2024-05-30
Pitch date: 2024-05-28
CHRD [bullish]
Chord Energy Corporation
-14.51%
current return
Author Info
No bio for this author
Company Info
Chord Energy Corporation operates as an independent exploration and production company in the United States.
Market Cap
$7.2B
Pitch Price
$166.32
Price Target
N/A
Dividend
4.11%
EV/EBITDA
3.52
P/E
171.12
EV/Sales
1.85
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Chord Energy Corporation - $CHRD
CHRD: Leading Williston Basin E&P to acquire Enerplus, becoming largest regional producer (250 Mboe/d). Low-cost inventory supports decade of production, $150M/yr synergies. 2024E EBITDA margin $29/boe (peers $25/boe), 0.2x leverage (peers 0.7x). Trades 3.8x 2025E EV/EBITDA, 70% discount to S&P. Returning 75%+ FCF via $5/share dividend + buybacks. Potential for further M&A.
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