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Encana the next Exxon takeover target? Add to ...

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Some analysts think ExxonMobil Corp. might still be in a buying mood after its $3.1-billion bid for Celtic Exploration Ltd. on Wednesday.

According to Kevin Kaiser of Hedgeye Risk Management, the prime takeover candidate is Encana, due partly to the fact that Celtic’s assets are "right in the heart of Encana’s Canadian natural gas assets”.

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