Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Brookside Energy ( (AU:BRK) ) has provided an announcement.
Brookside Energy Limited has announced an on-market share buy-back of up to 4.8 million shares, approximately 5% of its issued capital, at a cost of around A$1.92 million. This move aligns with the company’s capital allocation strategy, focusing on growth, scale, and capital return. The buy-back will commence this quarter and continue until June 2026, subject to market conditions and alternative capital deployment opportunities. The company aims to enhance shareholder value and may redirect capital if market conditions change, such as increased oil prices or new growth opportunities.
More about Brookside Energy
Brookside Energy Limited is an Australian public company listed on the Australian and USA stock exchanges. Founded in 2015, it focuses on the mid-continent region of the US, leveraging relationships with local communities to ensure sustainable growth and value creation through the development of energy assets. The company prioritizes exploitation over exploration, generating shareholder value through a disciplined portfolio approach to acquiring and developing oil and gas assets. Its US subsidiary, Black Mesa Energy, LLC, manages operations with a team experienced in the US onshore oil and gas sector.
YTD Price Performance: -10.34%
Average Trading Volume: 95,201
Technical Sentiment Signal: Sell
Current Market Cap: A$37.35M
Find detailed analytics on BRK stock on TipRanks’ Stock Analysis page.