Why a Fund Slashed Its Chord Energy Stake by 80% as the Stock Sits 50% Below Its Peak
Chord Energy (US:CHRD) The Motley Fool·2025-12-24 23:19With energy prices swinging and capital discipline under pressure, one manager is quietly dialing back risk in a stock that has punished even patient holders.Florida-based Kore Advisors reduced its stake in Chord Energy Corporation (CHRD +0.14%) by 34,000 shares in the third quarter, contributing to a position value decrease of $3.26 million, according to a November 14 SEC filing.What HappenedKore Advisors LP trimmed its allocation to Chord Energy Corporation (CHRD +0.14%), selling 34,000 shares during the ...