Is CHRD a good stock to buy?
We came across a bullish thesis on Chord Energy Corporation on Old Rope Research’s Substack
In this article, we will summarize the bulls’ thesis on CHRD. Chord Energy Corporation’s share was trading at $137.86 as of May 26th. CHRD’s trailing P/E was 201.57 according to Yahoo Finance.
Pixabay/Public Domain Chord Energy Corporation operates as an independent exploration and production company in the United States. CHRD is positioned as a leveraged bet on structurally higher oil prices and geopolitical instability, with the thesis arguing that the market is materially undervaluing the company’s Bakken assets under current commodity assumptions. The Williston Basin has historically traded at a discount to the Permian due to higher transportation costs, weaker margins, and infrastructure constraints, but the current geopolitical backdrop has shifted the economics in favor of short-cycle U.S. producers capable of rapidly bringing production online. 15 AI Stocks That Are Quietly Making Investors Rich Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential At approximately $65 oil, Chord’s PV-10 is estimated near $9 billion, roughly in line with its enterprise value of $8.5 billion, suggesting the stock is priced for normalized oil markets rather than a prolonged supply disruption scenario.