Chord Energy Corporation

AI-generated fair value estimate for this company.

Method: 10-year flat-FCF DCF: $700M normalized annual FCF (between FY2024's $918M and FY2025's $693M, below the commodity-price-boosted TTM $1,189M); 0% real/terminal growth reflecting Williston Basin reserve depletion offset by development capex; 10% discount rate for commodity-price risk; less $891M net debt; 54.70M shares outstanding.

Reasoning: As a pure-play Bakken E&P, Chord's cash flows are commodity-price driven and its reserve base is finite, so a flat, mid-cycle-normalized FCF perpetuity with no real growth and an elevated discount rate is more defensible than projecting compounding growth.