Is\u00a0CHRD\u00a0a good stock to buy?<\/b>\u00a0We came across a bullish\u00a0thesis on Chord Energy Corporation on Old Rope Research\u2019s Substack. In this article, we will summarize the bulls\u2019 thesis on CHRD. Chord Energy Corporation’s share was trading at $127.06 as of April 20th. CHRD\u2019s trailing P\/E was 167.00 according to Yahoo Finance.<\/p>\n Chord Energy Corporation operates as an independent exploration and production company in the United States.\u00a0CHRD presents a compelling and asymmetric investment case driven by its operational leverage and geopolitical dynamics in the oil market. The company operates primarily in the Williston Basin, a historically underappreciated region with gassier rock and inferior margin capture compared with the Permian, further hampered by the loss of the Dakota Access Pipeline.<\/p>\n Read More: <\/b>15 AI Stocks That Are Quietly Making Investors Rich<\/b><\/p>\n Read More:<\/b> Undervalued AI Stock Poised For Massive Gains: 10000% Upside Potential<\/b><\/p>\n At current oil prices of $65\/bbl, Chord\u2019s reserves imply a PV-10 of roughly $9 billion, tightly aligned with its $8.5 billion enterprise value. However, only 20% of production is hedged, leaving the company highly exposed to spot price movements. In a scenario where Brent and WTI average $100\/bbl, Chord\u2019s operating leverage is substantial: margins expand nonlinearly, turning previously marginal PUD wells and tail-end production into highly profitable assets, potentially lifting PV-10 to ~$17 billion.<\/p>\n This dynamic is reinforced by Chord\u2019s consolidation of the Bakken via the Whiting merger and technological improvements like four-mile laterals, which materially lower lifting costs and increase recoverable volumes. Traditional concerns around North Dakota\u2019s distance from markets and pipeline bottlenecks remain, but in a protracted Middle East quagmire, incremental barrels from the Bakken become marginal supply, enhancing the company\u2019s pricing power.<\/p>\n Chord effectively becomes a high-delta call option on geopolitical tension, where prolonged elevated oil prices could unlock exceptional value. Conversely, if geopolitical disruption proves transient, the company\u2019s economics revert to a high-cost, moderate-margin wildcatter profile. Overall, CHRD offers a scenario-driven asymmetric upside, with operational efficiency and geopolitical tailwinds positioning it for potential substantial revaluation relative to current market pricing.<\/p>\n Previously, we covered a\u00a0bullish thesis<\/b>\u00a0on Occidental Petroleum Corporation (OXY) by Magnus Ofstad in May 2025, which highlighted its low-cost Permian assets, diversified operations, and potential upside from carbon capture initiatives. OXY\u2019s stock price has appreciated by approximately 26.57% since our coverage.<\/strong> Old Rope Research shares a similar view but emphasizes Chord Energy (CHRD)\u2019s asymmetric upside from operational leverage and exposure to elevated oil prices.<\/p>\n<\/p><\/div>\n<\/div>\n<\/div>