Calgary, Alberta-based Pieridae Energy has changed its name to Cavvy Energy, effective May 9, following shareholder approval. (Source: Shutterstock)
Calgary, Alberta-based Pieridae Energy has changed its name to Cavvy Energy, effective May 9, following shareholder approval, the E&P said in a May 12 press release.
The company announced in March its intention for the name change to concentrate on its western Canadian upstream and midstream business, shifting away from east coast LNG.
Cavvy has received approval from the Toronto Stock Exchange and said its common shares will begin trading on the TSX under the ticker “CVVY” when markets open May 13.
“The word Cavvy draws its inspiration from the western ranching tradition, referring to a carefully selected group of working horses chosen for their strength, reliability and specific capabilities,” said Darcy Reding, president and CEO, in the company’s March 27 press release. “The name evokes an identity synonymous with our corporate values and mission, and one that is proudly connected to our western Canadian corporate roots.”
No action is required to be taken by the company’s shareholders in respect of the name change or the continuance, Cavvy said.
Cavvy is an upstream producer and midstream custom processor of natural gas, NGLs, condensate and sulphur from Western Canada.
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