Chord Energy Corp. (Nasdaq: CHRD) was born out of a merger between Oasis Petroleum and Whiting Petroleum just last month. Chord is a shale oil producer fully focused on extracting from the Williston Basin in North Dakota - what investors know as the Bakken Shale oil play. The history surrounding Chord isn't great. Both Oasis and Whiting were forced to declare bankruptcy during the COVID-19-induced oil crash of 2020. And while COVID-19 pushed the companies over the edge, it was years of reckless spending on chasing growth that put both entities so close to the cliff's edge in the first place. However... Now that Chord has emerged from bankruptcy and the merger, I see something I like here - the holy grail for investors, in fact! Join me today to see what I mean... |
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