Will Chesapeake Energy Get Bought Out?
From The Motley Fool:
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Read the whole article here.The Tuesday announcement of Aubrey McClendon's decision to retire from Chesapeake Energy (NYSE: CHK ) , the company he co-founded nearly a quarter-century ago, was a surprise that's really not so surprising. In fact, I'm betting that, sans McClendon's large presence, Chesapeake's future could well include changes that clearly will shock us all.Rather than beating around the bush, let me just note that I'd be more taken aback were Chesapeake to remain independent for, say, two years than by a perpetuation of its status quo. After all, despite avowed -- and marginally successful -- efforts to increase the percentage of Chesapeake's total production that constitutes oil and liquids, the Oklahoma City company is highly unlikely to move into a league with the likes of another independent producer, EOG Resources (NYSE: EOG ) , which generates the majority of its revenues from black gold.
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