Chesapeake Energy Corp. doubled down Tuesday on a plan that has drawn criticism from shareholders over its aggressive approach to expand during a major cashflow crunch.
The nation’s second-largest natural gas producer after Exxon Mobil Corp , in an investor presentation posted on its website Tuesday, said it has “withstood an unprecedented negative media campaign” over the last five weeks, which has prompted 1.2 billion shares of company’s stock to trade hands, nearly double the amount of its shares outstanding.
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