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International Petroleum Corporation ( (TSE:IPCO) ) has issued an update.
International Petroleum Corporation announced the repurchase of 336,608 IPC common shares from January 27 to 31, 2025, as part of its normal course issuer bid program. This move aligns with IPC’s strategy to optimize its capital structure and potentially enhance shareholder value. The repurchased shares will be canceled, reducing the total number of issued and outstanding IPC shares. Since the commencement of the program in December 2024, IPC has repurchased over 2.2 million shares, with a maximum of 7.4 million shares allowed for repurchase until December 2025.
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 and Nasdaq Stockholm under the symbol ‘IPCO’.
YTD Price Performance: 10.95%
Average Trading Volume: 79,798
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$2.31B
For an in-depth examination of IPCO stock, go to TipRanks’ Stock Analysis page.
