Novi Labs | Acquisition Analysis Report

Chord and Enerplus Merger

Chord Energy (NASDAQ: CHRD) and Enerplus (TSE: ERF) Merge, Creating $11 Billion Entity with ~1.3MM Acres of Bakken Acreage. The merger, valued at ~$4.2 billion, establishes a combined enterprise with significant operational synergies and a strategic asset base primarily in the Williston basin. Shareholders to Benefit from Cash and Stock Transaction, Projected Annual Synergies of ~$150MM, and Favorable Operating Cash Flow Multiples.

Brandon Myers
Head of Research @ Novi Labs

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