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PetroTal Corp ( (TSE:TAL) ) just unveiled an update.
PetroTal Corp. announced the purchase and cancellation of 25,222 common shares as part of its share buyback program. This move leaves the company with 911,630,990 common shares in issue, affecting shareholders’ calculations concerning their interest in the company under FCA regulations. The buyback program, executed through Stifel Nicolaus Europe Limited, reflects PetroTal’s efforts to manage its capital structure and 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 focuses on developing oil assets in Peru, with its flagship asset being the Bretana oil field in Peru’s Block 95. Since initiating oil production in Bretana in June 2018, PetroTal has grown to become the largest crude oil producer in Peru. The company’s management team, with significant experience in Peru, aims to develop the Bretana oil field safely and cost-effectively while promoting community-sensitive energy production.
YTD Price Performance: 13.33%
Average Trading Volume: 716,521
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$629.2M
See more data about TAL stock on TipRanks’ Stock Analysis page.
