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On July 20, Chevron (CVX) announced that it had entered into an agreement to purchase Noble Energy (NBL) in an all-stock transaction. Given the importance of Chevron in the American energy landscape and its size, that deal has been covered ad nauseum already throughout the media. In fact, since it is the first large scale purchase of size in the "new normal" post oil energy collapse, that raises several big questions. After the headaches stemming from and getting outbid on Anadarko Petroleum, is this a great deal for Chevron? Will there be more