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PetroTal Corp ( (TSE:TAL) ) just unveiled an announcement.
PetroTal Corp. announced the repurchase of 24,690 common shares as part of its share buyback program, initially announced in May 2024. The shares were purchased through Stifel Nicolaus Europe Limited and will be cancelled, reducing the total number of shares in issue to 911,571,240. This move reflects PetroTal’s strategy to manage its share capital effectively, potentially impacting shareholder value and trading dynamics. The updated share count also assists shareholders in calculating their interests under regulatory requirements.
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 Block 95. The company became the largest crude oil producer in Peru in early 2022 and is led by a management team experienced in oil development and exploration in Peru, emphasizing community-sensitive energy production.
YTD Price Performance: 25.00%
Average Trading Volume: 738,634
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$684M
For an in-depth examination of TAL stock, go to TipRanks’ Stock Analysis page.
