The following video is from today’s MarketFoolery podcast, in which host Chris Hill, Alex Scherer, Charly Travers, and Joe Magyer discuss the latest business news. Shares of Chesapeake Energy rose more than 9% after second quarter profits nearly doubled. In this segment, the guys analyze the competitive landscape in the natural gas industry, and discuss why investors need to be patient. Alex shares why he believes assets are key for businesses and, in that case, Chesapeake is in the same position as companies like Encana. While shares of Chesapeake had a good day, Joe shares why he would rather look instead to Ultra Petroleum and Range Resources

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Chris Hill does not own shares of any of the companies mentioned. The Motley Fool owns shares of Ultra Petroleum and Chesapeake Energy. Motley Fool newsletter services have recommended buying shares of Ultra Petroleum and Range Resources. The Motley Fool has a disclosure policy. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.