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An announcement from PetroTal Corp ( (TSE:TAL) ) is now available.
PetroTal Corp announced a share buyback transaction, purchasing 21,250 common shares as part of its share buyback program. The repurchased shares will be canceled, leaving the company with 913,662,118 common shares in issue. This move is part of PetroTal’s strategy to manage its capital structure and could potentially enhance shareholder value by reducing the number of outstanding shares.
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 became the largest crude oil producer in Peru in early 2022 and is committed to community-sensitive energy production.
See more data about TAL stock on TipRanks’ Stock Analysis page.