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The latest update is out from PetroTal Corp ( (TSE:TAL) ).
PetroTal Corp has executed a share buyback program, purchasing a total of 21,426 common shares, which will be cancelled. This action aligns with the company’s strategy to manage its capital structure and enhance shareholder value. Following the cancellation of these shares, PetroTal will have 911,785,249 common shares in issue, which may affect shareholder voting rights and transparency notifications as per regulatory guidelines.
More about PetroTal Corp
PetroTal Corp is a publicly traded oil and gas development and production company headquartered in Calgary, Alberta. The company focuses on developing oil assets in Peru, with its flagship asset being the Bretana oil field in Peru’s Block 95. PetroTal began oil production at this site in June 2018 and became the largest crude oil producer in Peru by early 2022. The management team is dedicated to safe and cost-effective development while promoting community-sensitive energy production.
YTD Price Performance: -21.13%
Average Trading Volume: 683,392
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$510.9M
See more insights into TAL stock on TipRanks’ Stock Analysis page.
