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International Petroleum’s Share Buyback Plan Approved
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International Petroleum’s Share Buyback Plan Approved

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

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International Petroleum Corporation has received approval from the Toronto Stock Exchange to renew its normal course issuer bid, allowing the company to repurchase up to 7.5 million of its common shares over the next year. This move is seen as a strategic use of capital, aimed at enhancing shareholder value by reducing the number of shares outstanding.

For further insights into TSE:IPCO stock, check out TipRanks’ Stock Analysis page.

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