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Chesapeake's (CHK +6.4%) Archie Dunham says "the company is not for sale," but getting McClendon...

Chesapeake's (CHK +6.4%) Archie Dunham says "the company is not for sale," but getting McClendon out removes a big obstacle in the 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.
Comments (6)
  • auto44
    , contributor
    Comments (3000) | Send Message
     
    If there is a takeover guess who they are going to hire??? Probably a retiree that knows more about the company and it's assets than anyone.
    30 Jan 2013, 10:59 AM Reply Like
  • westelk
    , contributor
    Comments (236) | Send Message
     
    Oh, by all means, let's fulfill Buffett's statement that we will become serfs in our own land--let's sell every asset we got for immediate gratification. We are well down that path already.

     

    Little known provision in the immigration law: Employer posts a job for $30K (requires advanced degree). No taker because any American citizen could not pay back student debt working for 30K. That frees the employer to bring in a cheap green carder. Wages are going to be in free fall.

     

    I feel very sorry for anyone under 35--their life is not going to be good.
    30 Jan 2013, 11:03 AM Reply Like
  • user 76701
    , contributor
    Comments (16) | Send Message
     
    Under 35'ers will be fine if they can produce and compete with anyone else in the world. And, yes, education is too expensive. I hope the online education phenomenon brings more education to more people at lower cost.

     

    But this has nothing to do with Cheasapeake Energy...
    30 Jan 2013, 11:56 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2491) | Send Message
     
    Every public company is for sale, at the right price.
    30 Jan 2013, 11:47 AM Reply Like
  • Hank890
    , contributor
    Comments (821) | Send Message
     
    CHK assets are too strategic to sell to the Chinese,....USG will not allow it...
    30 Jan 2013, 12:55 PM Reply Like
  • KimFeil
    , contributor
    Comments (79) | Send Message
     
    The Chinese would be the highest payer to buy Chk because they are in this to get experience and don’t care about how low the natural gas prices are right now. I’m sure Arlington TX would welcome the Chinese with open arms and not even think twice about their Gas Drilling loopholed ordinance being so friendly to their pocket books at the expense of our lungs.
    30 Jan 2013, 08:07 PM Reply Like
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