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An announcement from International Petroleum Corporation ( (TSE:IPCO) ) is now available.
International Petroleum Corp. (IPC) has announced the successful repurchase of 407,001 of its common shares from February 3 to 7, 2025, as part of its ongoing normal course issuer bid (NCIB) program. This initiative, compliant with EU regulations and aligned with Canadian and Swedish securities laws, aims to repurchase up to 7,465,356 shares by December 2025. The repurchase activity, conducted on both Nasdaq Stockholm and TSX, reflects IPC’s commitment to enhancing shareholder value and optimizing its capital structure.
More about International Petroleum Corporation
International Petroleum Corp. (IPC) is an international oil and gas exploration and production company with a high-quality portfolio of assets located in Canada, Malaysia, and France. It is a member of the Lundin Group of Companies and is incorporated in Canada. The company’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol ‘IPCO’.
YTD Price Performance: 9.58%
Average Trading Volume: 83,372
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$2.25B
See more insights into IPCO stock on TipRanks’ Stock Analysis page.
