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PetroTal Corp ( (TSE:TAL) ) has issued an update.
PetroTal Corp. announced the repurchase and cancellation of 22,054 common shares as part of its share buyback program, initially announced in May 2024. Following this transaction, the company will have 916,821,244 common shares in issue, which will adjust the voting rights denominator for shareholders. This move aligns with PetroTal’s strategy to enhance shareholder value and reflects its confidence in its operations and market position.
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 has established itself as the largest crude oil producer in Peru since early 2022 and is committed to community-sensitive energy production.
YTD Price Performance: 13.33%
Average Trading Volume: 701,647
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$619.9M
See more data about TAL stock on TipRanks’ Stock Analysis page.
