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PetroTal Corp. Reports Strong 2024 Results and Promising Start to 2025

Story Highlights
  • PetroTal Corp. exceeded production guidance in 2024, increasing output by 25% over 2023.
  • The company returned over $65 million to shareholders through dividends and buybacks in 2024.
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PetroTal Corp. Reports Strong 2024 Results and Promising Start to 2025

An update from PetroTal Corp ( (TSE:TAL) ) is now available.

PetroTal Corp. reported strong financial and operational results for Q4 and the full year 2024, with production and sales exceeding guidance and a significant increase in average production compared to 2023. The company generated substantial EBITDA and free funds flow, allowing it to return over $65 million to shareholders through dividends and share buybacks. PetroTal also successfully completed seven new oil wells and managed challenging conditions, such as record low river levels, while maintaining a robust start to 2025 with increased production and strategic development plans for new assets.

More about PetroTal Corp

PetroTal Corp. operates in the oil and gas industry, focusing on the exploration and production of oil. The company is primarily involved in developing oil fields and increasing production capacity, with a market focus on maximizing shareholder returns through dividends and share buybacks.

YTD Price Performance: 32.69%

Average Trading Volume: 658,004

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$623M

For detailed information about TAL stock, go to TipRanks’ Stock Analysis page.

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