NasdaqGS:CHRDOil and Gas
Did Chord’s US$550 Million XTO Deal Just Shift Chord Energy's (CHRD) Investment Narrative?
In recent weeks, Chord Energy has faced mixed analyst sentiment, with Citi downgrading the stock while other firms maintained more favorable ratings amid sector-wide macro concerns.
At the same time, Chord Energy moved to expand its Williston Basin footprint through a US$550 million purchase of Exxon Mobil’s XTO Energy assets, signaling a material shift in its asset base and cash flow profile.
We’ll now examine how this XTO Energy asset acquisition shapes Chord Energy’s investment narrative...