International Petroleum Corp’s Strategic Share Buyback

International Petroleum Corporation (TSE:IPCO) has released an update.

International Petroleum Corporation (IPC) has recently repurchased 177,900 of its common shares under the Normal Course Issuer Bid (NCIB) program, between August 12 and 16, 2024. This buyback activity occurred on both Nasdaq Stockholm and the Toronto Stock Exchange, with shares to be cancelled, decreasing the outstanding common shares count. Since the commencement of the NCIB in December 2023, IPC has bought back a significant number of shares, reflecting a strategy to reduce share capital and potentially increase stock value.

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