10 Stocks That Will Make You Rich In 2025

2. Chord Energy Corporation (NASDAQ:CHRD)

Analysts Upside Potential: 64.67%

Chord Energy Corporation (NASDAQ:CHRD) is an independent company that focuses on exploring and producing oil and natural gas. It primarily operates in the Williston Basin, which spans parts of North Dakota and Montana. This area is known for its rich deposits of oil and gas, particularly in formations called the Middle Bakken and Three Forks. On March 31, the company reported completing its merger with Enerplus Corporation, creating a leading exploration and production (E&P) company focused on the Williston Basin. The newly formed company boasts a substantial land position of about 1.3 million net acres in the area. The combined entity expects to achieve over $200 million in annual synergies, exceeding initial estimates.

During the fiscal third quarter of 2024, Chord Energy Corporation (NASDAQ:CHRD) reported strong financial and operational results. Oil production for the company reached 158.8 thousand barrels per day (MBopd), close to the upper limit of its guidance, and total production was 280.8 thousand barrels of oil equivalent per day (MBoepd), which also exceeded expectations. As a result total revenue of approximately $1.45 billion increased 38% year-over-year, generating $225.3 million as net income. It is one of the 10 stocks that can make you rich in 2025.

Carillon Tower Advisers stated the following about Chord Energy Corporation (NASDAQ:CHRD) in its Q3 2024 investment letter:

“Chord Energy Corporation (NASDAQ:CHRD) is an independent exploration and production company with operations in the Williston Basin in North Dakota, Montana, and South Dakota. The company’s shares lagged largely due to the recent pressure on the price of oil. Some recent data indicating slightly disappointing initial well productivity from a handful of recently completed wells also contributed to lackluster performance. Despite this, we remain optimistic about management’s ability to drive operational efficiencies following the recent close of Chord’s acquisition of Enerplus, by applying best practices of both independent companies in a manner that should provide upside to the previously communicated synergies. We believe the continued successful implementation of Chord’s 3-mile lateral strategy, which entails drilling both vertically and horizontally for distances longer than in 2-mile lateral wells, also could drive increased shareholder returns.”