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International Petroleum Corporation ( (TSE:IPCO) ) has provided an update.
International Petroleum Corporation has successfully executed a share repurchase program, buying back 313,424 common shares between February 10 and 14, 2025, as part of its ongoing normal course issuer bid. The repurchased shares will be cancelled, reducing the total number of issued and outstanding shares, which reflects IPC’s strategy to optimize its capital structure and returns to shareholders. The program allows for a maximum repurchase of 7,465,356 shares over a twelve-month period, potentially impacting the company’s share value and market perception.
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, incorporated in Canada, and its shares are listed on the Toronto Stock Exchange and the Nasdaq Stockholm exchange under the symbol ‘IPCO’.
YTD Price Performance: 10.78%
Average Trading Volume: 88,179
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$2.27B
Find detailed analytics on IPCO stock on TipRanks’ Stock Analysis page.
