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PetroTal Corp ( (TSE:TAL) ) has issued an update.
PetroTal Corp. has executed a share buyback as part of its previously announced program, purchasing a total of 24,848 common shares through Stifel Nicolaus Europe Limited. These shares will be cancelled, leaving the company with 911,620,518 common shares in circulation, which affects the voting rights calculations for shareholders. This strategic move is likely aimed at consolidating company value and optimizing shareholder returns.
More about PetroTal Corp
PetroTal Corp. is a publicly traded oil and gas development and production company based in Calgary, Alberta. The company focuses on developing oil assets in Peru, with its flagship asset being the Bretana oil field in Peru’s Block 95. PetroTal initiated oil production there in June 2018 and has since become the largest crude oil producer in Peru. The company emphasizes safe, cost-effective production and community-sensitive energy initiatives.
YTD Price Performance: 20.0%
Average Trading Volume: 704,484
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$647.5M
Find detailed analytics on TAL stock on TipRanks’ Stock Analysis page.
