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PetroTal Corp ( (TSE:TAL) ) has provided an update.
PetroTal Corp announced the purchase and subsequent cancellation of 17,394 common shares as part of its share buyback program. This move leaves the company with a total of 911,939,049 common shares in circulation, influencing the total voting rights for shareholders. This share buyback is part of PetroTal’s strategy to manage its capital structure effectively and reflects its commitment to enhancing shareholder value.
More about PetroTal Corp
PetroTal Corp is a publicly traded oil and gas development and production company based in Calgary, Alberta. With a focus on developing oil assets in Peru, its flagship asset is the Bretana oil field in Peru’s Block 95. PetroTal became the largest crude oil producer in Peru in early 2022, and its management team is experienced in developing oil fields while prioritizing community-sensitive energy production.
YTD Price Performance: -16.90%
Average Trading Volume: 652,878
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$538.7M
Find detailed analytics on TAL stock on TipRanks’ Stock Analysis page.
