Chesapeake's (CHK +6.4%) Archie Dunham says "the company is not for sale," but getting McClendon out removes a big obstacle in a way of a hostile takeover. CHK would make a juicy target for Asian state-controlled oil firms, Bernstein's Neil Beveridge writes; E&Ps with shale acreage or deepwater discoveries but lacking capital to develop the assets are exactly what they're looking for, given their access to low cost financing.
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