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International Petroleum Corporation Reports Share Repurchase Results

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International Petroleum Corporation Reports Share Repurchase Results

International Petroleum Corporation ( (TSE:IPCO) ) has provided an update.

International Petroleum Corporation (IPC) announced the results of its normal course issuer bid (NCIB), revealing the repurchase of 339,400 common shares between March 10 and 14, 2025. This initiative is part of IPC’s ongoing strategy to manage its capital structure, with shares repurchased on both the Nasdaq Stockholm and the Toronto Stock Exchange. The repurchased shares will be canceled, reducing the total number of issued and outstanding shares. This move is seen as a strategic effort to enhance shareholder value and optimize the company’s financial structure.

More about International Petroleum Corporation

International Petroleum Corporation (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. IPC’s shares are listed on the Toronto Stock Exchange (TSX) and the Nasdaq Stockholm exchange under the symbol ‘IPCO’.

YTD Price Performance: 17.83%

Average Trading Volume: 99,228

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$2.41B

See more data about IPCO stock on TipRanks’ Stock Analysis page.

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