Sunday, December 11, 2022

Chord Energy -- CHRD -- Devon Of The North? November, 2022

Don't let the fact that CLR  out-produces Chord Oil in the Bakken confuse you. The two companies have different operating styles.

Link here.

Peer-leading return of capital program:

  • 85% of FCF in 3Q22
  • expect 75% of FCF at current leverage levels

Pure-play Bakken:

  • 972,000 acres
  • 92% operated
  • 68% working interest



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