June 26, 2012
The following video is from today's MarketFoolery podcast, in which host Chris Hill, along with Charly Travers, Mike Olsen, and Joe Magyer, discuss the latest business news. Shares of both Chesapeake Energy and Encana fell on Monday after Reuters published an investigation showing that executives at the two companies consciously avoided bidding against one another in a Michigan auction to suppress land prices. In this segment, the guys analyze the potential fallout from these allegations for the companies and, in particular, Chesapeake CEO Aubrey McClendon. They also share why they believe, despite a recent bad run, now might be the time to buy shares.
That said, even with this week's drop, shares of Chesapeake Energy still aren't trading at a bargain-basement price. To find stocks that are, check out The Motley Fool's free report "2 Dirt Cheap Stocks With HUGE Dividends." You can get analysis of a market leader in payment systems and a high-yielding energy company by accessing this report. It won't be available forever, so click here -- it's free.