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PetroTal Corp ( (TSE:TAL) ) has shared an announcement.
PetroTal Corp has executed a share buyback program, purchasing a total of 25,228 common shares. These shares were bought through Stifel Nicolaus Europe Limited and will be canceled, reducing the total number of common shares in issue to 911,553,990. This buyback reflects PetroTal’s efforts to manage its capital structure effectively, potentially enhancing shareholder value. The company remains committed to its strategic focus in the Peruvian oil sector, aiming to solidify its position as a leading crude oil producer.
More about PetroTal Corp
PetroTal Corp is a publicly traded oil and gas development and production company headquartered in Calgary, Alberta. It focuses on developing oil assets in Peru, with its flagship project being the Bretana oil field in Peru’s Block 95. The company, which became the largest crude oil producer in Peru in early 2022, emphasizes community-sensitive energy production and is led by a management team with significant experience in the region.
YTD Price Performance: 11.67%
Average Trading Volume: 705,325
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$619.9M
Learn more about TAL stock on TipRanks’ Stock Analysis page.
