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PetroTal Corp ( (TSE:TAL) ) has issued an update.
PetroTal Corp has executed a share buyback program, repurchasing and cancelling 24,942 common shares through Stifel Nicolaus Europe Limited. Following this transaction, the company has 911,645,366 common shares in issue, which will impact shareholder voting rights calculations. This move is part of PetroTal’s strategy to manage its capital and potentially enhance shareholder value.
More about PetroTal Corp
PetroTal Corp is a publicly traded oil and gas development and production company based in Calgary, Alberta. It is focused on developing oil assets in Peru, with its flagship asset being 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: 18.33%
Average Trading Volume: 708,214
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$647.5M
Learn more about TAL stock on TipRanks’ Stock Analysis page.
