Double Eagle Petroleum Co. (Nasdaq: DBLE) is about to shake things up, starting with its name.
On April 1, the company will be known as Escalera Resources Co. with common stock trading under the ticker ESCR and preferred stock under the symbol ESCRP.
The change coincides with the appointment of industry veteran Charles F. Chambers as chairman and CEO. He succeeds Richard D. Dole, who will become vice chairman of the board.
“The board of directors felt the name change was an essential step in the repositioning of the company ...