Heckmann Picks a New Name
Heckmann isn't Heckmann anymore.
Late last week, the fracking fluids specialist announced that as a result of a positive vote of its shareholders at the recent annual meeting, henceforth, the company shall be known as Nuverra Environmental Solutions, So on the plus side, investors looking for news about Heckmann no longer have to remember "is it one 'n' or two in "Heckmann?" On the other hand, they'll now need to ask "is it one 'r' or two in Nuverra?"
The new name is said to be derived from "references to 'new,' 'green,' 'earth,' and 'time.'" The company continued: "Nuverra reflects the broader focus of the Company's united operating units and a fundamental dedication to supporting sustainable energy generation and American energy independence."
Richard J. Heckmann -- the man who's lent his name to the company since its founding in 2008 -- explained that "it was time to choose an identity for our nationwide presence." Company CEO Mark D. Johnsrud added, "The Nuverra brand represents a new era for our company as a cohesive environmental solutions provider."
Beginning at market-open tomorrow, May 20, the company will be trackable by its new ticker symbol, NES, on the NYSE.
The article Heckmann Picks a New Name originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of and has options on Heckmann. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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