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An announcement from PetroTal Corp ( (TSE:TAL) ) is now available.
PetroTal Corp has executed a share buyback program, purchasing 25,750 common shares at varying prices, with plans to cancel them, resulting in 911,605,240 outstanding shares. This move aims to optimize capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
More about PetroTal Corp
PetroTal Corp is a publicly traded oil and gas development and production company based in Calgary, Alberta. It focuses on the development of oil assets in Peru, with its flagship asset being the Bretana oil field in Peru’s Block 95. Since early 2022, PetroTal has been the largest crude oil producer in Peru, emphasizing safely and cost-effectively developing the Bretana field 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 insights into TAL stock on TipRanks’ Stock Analysis page.
