Street View: Chord Energy's $550 million deal deemed favourable

Chord Energy

16/09/2025 14:48

** U.S. energy company Chord Energy CHRD.O says it will acquire assets in Williston Basin from XTO Energy, subsidiary of Exxon Mobil XOM.N for $550 million

** Shares of Chord Energy rise 3% to $105.42

BROKERAGES BULLISH ON EXPANDED INVENTORY

** TD Cowen ("hold," PT: $105) expects deal to be "well received" as it expands inventory in CHRD's core areas by ~1 year

** Adds that "investors should continue to applaud CHRD's single-basin bolt-on approach that prolongs optimal well productivity"

** Siebert Williams ("buy," PT: $140) says transaction enhances operational efficiency through longer laterals and "leverages CHRD's track record of execution in basin,"

** Gerdes ("buy") raises PT by $2 to $174; says CHRD should add ~5.3 billion in free cash flow from 2026-2030, which is 92% of company's market capitalization

** Mizuho ("outperform," PT: $142) says, "We see CHRD adding relatively high-quality Bakken inventory while maintaining below-average financial leverage and above-average cash returns"

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))