PanCanadian Enters New Era With New Name
PanCanadian Energy Corporation, the new publicly traded parent of PanCanadian Petroleum Limited, announced that its shares began trading today on the New York Stock Exchange under the symbol PCX, and on The Toronto Stock Exchange under the symbol PCE.
David Tuer, PanCanadian Energy's President and Chief Executive Officer noted, "Today symbolizes the beginning of a new era for PanCanadian and we are extremely excited about the prospects for the company. We will now have over 254 million shares trading on two of North America's major exchanges. Coincident with our new status, we have introduced our new name and corporate logo to better reflect not only the business we are in, but also the innovation and spirit of our employees."
Mr. Tuer added, "I believe that, at this historic moment in PanCanadian's evolution, the company has all of the critical elements needed to succeed as a fully independent company. We have the financial strength, the people and a tremendous inventory of opportunities to continue to deliver value for our shareholders. Our focus on capital discipline and profitable growth will not change as we head into this new and exciting era."