This Unknown Oil Company Is Turning into a Monster Dividend Stock
Most investors probably haven't heard of Chord Energy (NASDAQ: CHRD) yet. It's a relative newcomer to the fossil fuel sector, having been formed in early July by the merger of Whiting Petroleum and Oasis Petroleum. It recently revealed its updated capital plan, which included a massive dividend increase and signaled the potential for further boosts in the future that have the potential to turn it into a monster dividend stock.