International Petroleum Corporation Announces Share Repurchase Results

International Petroleum Corporation ( (TSE:IPCO) ) has shared an announcement.

International Petroleum Corporation (IPC) announced the repurchase of 218,956 common shares under its normal course issuer bid (NCIB) program between February 17 and 21, 2025. This initiative, which aligns with EU and Canadian regulations, involves share repurchases on both Nasdaq Stockholm and the TSX, with the aim of canceling the repurchased shares. As of February 21, 2025, IPC has repurchased a total of 3,142,007 shares since the NCIB’s commencement on December 5, 2024, with a maximum of 7,465,356 shares allowed for repurchase by December 4, 2025. This strategic move is expected to enhance shareholder value and reflects IPC’s commitment to optimizing its capital structure.

More about International Petroleum Corporation

International Petroleum Corporation (IPC) is an international oil and gas exploration and production company with a high-quality portfolio of assets located in Canada, Malaysia, and France. It is a member of the Lundin Group of Companies and is incorporated in Canada. IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol ‘IPCO’.

YTD Price Performance: 18.35%

Average Trading Volume: 92,464

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$2.42B

For an in-depth examination of IPCO stock, go to TipRanks’ Stock Analysis page.