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PetroTal Corp ( (TSE:TAL) ) has provided an update.
PetroTal Corp has executed a share buyback program, purchasing 20,494 common shares, which will be cancelled, thereby reducing the total number of shares in circulation to 913,765,986. This move is part of the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market position and stakeholder interests.
More about PetroTal Corp
PetroTal Corp is a publicly traded oil and gas development and production company based in Calgary, Alberta. It focuses on developing oil assets in Peru, with its flagship asset being the Bretana oil field in Peru’s Block 95. PetroTal became the largest crude oil producer in Peru in early 2022 and is committed to community-sensitive energy production.
Find detailed analytics on TAL stock on TipRanks’ Stock Analysis page.