Chesapeake Energy Targeted by Regulators over Encana Collusion

  Encana Corporation (TSE:ECA) announced earlier today that it would begin an investigation into accusations that there was collusion between it and Chesapeake Energy Corporation (NYSE:CHK). The accusations of collusion came from a Reuters investigation. The authors claimed to have had access to emails between executives in the companies. The collusion levelled at the firms centres around the leasing of land in Michigan in 2010. The emails were sent between top executives including Chesapeake Energy Corporation (NYSE:CHK) CEO Aubrey McClendon and the head of Encana’s US operation, Jeff Wojahn. The correspondence contained many reference to organization of bidding in order to…