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Opinions Eric Nuttall
Chord Energy CorpCHRDBUYNov 22, 2023
Eric NuttallStock price when the opinion was issued
As of Jun 18, 2026. Market Open.
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Made money and sold for a name with better quality and inventory depth. He does still own some in an income fund. CHRD is doing everything it should. See his Top Picks for a name with better upside relative to risk.
Eric NuttallHis only US name. Trades at a parity valuation with Canadian names. Very economic with 10 years of Bakken inventory. Rewarding shareholders with 75% of free cashflow. Lots of upside with increased price of oil.
Eric NuttallUS Bakken name with 10+ years of inventory.
Committed to return 75% of free cash flow to investors.
Will most likely see higher returns to shareholders in the form of dividends and share buybacks.
Expecting a double in share price.
Excellent fundamentals going forward.
Only US holding.
Eric NuttallConsolidator of Bakken assets in USA & Canada.
Trading at 1.8x cash flow @ $100 oil.
Currently trading at 19% free cash yield @ $80 oil.
Has committed to returning 75% of free cash flow yield.
Eric NuttallEric Nuttall
Recently re-established a small position, about 3%. Paying 75% of free cashflow to shareholders, debt free, significant discount to US peers. Big enough to attract institutional investors once the sentiment tide turns to energy. 50% upside at $80 oil.