Chord (CHRD) Updates 2024 Outlook After Enerplus Acquisition

Chord Energy Corporation (CHRD) completed the acquisition of Enerplus Corporation on May 31, 2024. The acquisition, valued at $4 billion, received the approval of both Chord and Enerplus shareholders on May 14 and May 24, respectively. It was also approved by the Court of King's Bench of Alberta on May 28, 2024. The merger is expected to create a leading operator within the Williston Basin. The combined entity is anticipated to boast significantly low-cost inventory, a sound financial position, and deliver ...