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PetroTal Corp ( (TSE:TAL) ) just unveiled an update.
PetroTal Corp. announced the repurchase and cancellation of 22,040 common shares as part of its share buyback programme, which was initiated in May 2024. The transaction was conducted through Stifel Nicolaus Europe Limited. Following the cancellation, PetroTal’s total voting rights will be consolidated to 916,373,797 shares. This move is expected to optimize the company’s capital structure and potentially enhance shareholder value.
More about PetroTal Corp
PetroTal Corp. is a publicly traded oil and gas company based in Calgary, Alberta, focusing on the development of oil assets in Peru. The company operates primarily in Peru with its flagship asset being the Bretana oil field in Block 95. PetroTal became the largest crude oil producer in Peru in early 2022, and it is committed to community-sensitive energy production.
YTD Price Performance: 15.00%
Average Trading Volume: 684,087
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: C$632.6M
Find detailed analytics on TAL stock on TipRanks’ Stock Analysis page.
