tiprankstipranks
Chord Energy Expands Capital and Restructures Governance
Company Announcements

Chord Energy Expands Capital and Restructures Governance

Don't Miss our Black Friday Offers:

The latest update is out from Chord Energy (CHRD).

On May 31, 2024, a company amended its Credit Agreement to increase its borrowing base to $3 billion and its revolving commitment amounts to $1.5 billion, alongside technical and collateral provision changes. Concurrently, the company completed a strategic business combination with Enerplus and adjusted its board, appointing four new directors and assessing their independence. Additionally, the company amended its Certificate of Incorporation to double the authorized shares of common stock, fostering future growth opportunities.

See more insights into CHRD stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyChord Energy price target lowered to $180 from $185 at RBC Capital
TheFlyChord Energy price target lowered to $175 from $180 at Wells Fargo
TheFlyChord Energy price target raised to $212 from $211 at Piper Sandler
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App