Chesapeake Energy has provided an additional response to reports of its unusual transactions.
In the very first slide for its 2012 shareholder presentation, it characterises the reports thusly:
“An unprecedented negative media campaign.”
Check it out:
We’re not quite sure what the ulterior motive of the reports from at least three different news outlets (the Wall Street Journal, Reuters and the Pittsburgh Post-Gazette) may be, but perhaps that will be clarified at the shareholder meeting.