Chord Energy Corporation


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Chord Energy Corporation: Initiation Of Coverage – Will The Enerplus Merger Yield Solid Synergies? 


Chord Energy has recently revealed its business consolidation with Enerplus during their fourth quarter 2023 earnings call. The merger will create a premier Williston Basin company, adding significant value to both companies. It offers the opportunity to leverage their combined assets, workforce, and best practices towards the operational, financial, and strategic growth of their unified organization. The merger represents a strategic combination of individual assets spread across the Williston Basin. With the transaction, the organization is projected to deliver improved levels of asset quality and financial strength. Such enhancements also justify Chord’s projection of increased shareholder returns, primarily driven by accretion on key financial metrics aided by high potential synergies. Upon completion of the merger, Chord shareholders will own approximately 67%, and Enerplus shareholders will own about 33% of the combined company.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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