Letters by company
Chord Energy Corp
3 letters discussing CHRD. Everything written about it on this site is on its ticker page.
- Palm Valley Capital First Quarter 2026 Commentary Palm Valley Capital Fund held 77% of assets in Treasury-bill-heavy cash equivalents while finding valuation discounts across staffing, food, software, medical devices and used car parts. It bought Rayonier and trimmed Chord Energy, Heartland Express and Farmland Partners as they neared estimated value. The fund argues that AI disruption is being overstated in several holdings, particularly Amdocs and staffing firms. First Quarter 2026 CHRD $7.8BDOX $6.2BFLO $1.2B
- Palm Valley Capital The Puppet Show Palm Valley Capital Fund added Healthcare Services Group, Chord Energy, RPC and Papa John’s during the April selloff, then trimmed or exited positions as prices approached calculated value. The fund argues that policy support, persistent deficits and elevated corporate margins have prolonged asset inflation, while keeping substantial cash available for more compelling dislocations. Second Quarter 2025 CHRD $7.8BCRI $1.2BHCSG $1.4B
- Palm Valley Capital Groundhog Day Palm Valley retained a large Treasury-bill allocation and avoided AI beneficiaries, arguing that speculative valuations, peak margins, and costly AI investment leave little room for normal competition and cyclicality. The fund added Clorox, Molson Coors, and Vontier, sold Heartland Express at its valuation, and maintained positions in discounted businesses including Amdocs, LKQ, Kelly Services, and TrueBlue. Second Quarter 2026 CLX $10BDOX $6.2BHTLD $868M
