PetroTal Corp ( (TSE:TAL) ) just unveiled an update.
PetroTal Corp. announced the repurchase and cancellation of 20,854 common shares as part of its share buyback program. This action reduces the total number of shares in issue to 916,058,272, impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules. The buyback reflects PetroTal’s strategic focus on optimizing shareholder value and maintaining its strong market position in the oil and gas industry.
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. The company’s flagship asset is the Bretana oil field in Peru’s Block 95, where it holds a 100% working interest. PetroTal became the largest crude oil producer in Peru in early 2022 and is committed to community-sensitive energy production.
YTD Price Performance: 32.69%
Average Trading Volume: 658,004
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$623M
See more insights into TAL stock on TipRanks’ Stock Analysis page.