McKinney Samantha sold $1.5M of CHRD

Chord Energy agreed to sell its non-operated Marcellus assets to POSCO International for $550M, expected to close in Q4 2026. The deal includes 32k net acres and 121 MMcfpd production, with proceeds to reduce leverage and focus on the Williston Basin. Chord expects improved oil weighting and lower CapEx post-divestiture, according to the company.

Truist analyst Gabe Daoud raised Chord Energy's (CHRD) price target to $180 from $166, maintaining a Buy rating. This follows Chord's $550M divestiture of its Marcellus position. Truist believes this deal's valuation metrics could benefit Devon (DVN) if it sells its NEPA asset, implying about $9B in value.

Chord Energy Corp (CHRD) sold its Marcellus natural gas assets for $550M, reducing capital expenditures and increasing oil production focus. The company offers a 3.31% dividend yield with a 35% payout ratio, trading 1.6% above its GF Value of $154.55. Insider selling is notable, but institutional interest remains strong. CHRD has a GF Score of 67, indicating solid financial health but weaker growth and momentum.

Chord Energy (CHRD) agreed to sell its Marcellus position to POSCO International for $550M, expected to close in Q4. The deal includes 32k net acres and 121 MMcfpd production. Proceeds will reduce leverage and focus operations in the Williston Basin. Chord expects updated guidance in Q3 earnings. Advisors included Moelis, RBC, and Orrick.

Chord Energy (CHRD) agreed to sell its Marcellus gas assets to POSCO International (PKX) for $550M. The sale includes 32K net acres and 121M cf/day production, representing ~6x adjusted EBITDA. Chord will focus on the Williston Basin post-sale.

Chord Energy (CHRD) agreed to sell its non-operated Marcellus assets to POSCO International for $550M, expected to close in Q4 2026. The deal includes 32k net acres and 121 MMcfpd production, with proceeds to reduce leverage and focus on the Williston Basin. Chord expects increased oil weighting and adjusted metrics post-divestiture.