PetroTal Corp ( (TSE:TAL) ) has provided an announcement.
PetroTal Corp. has announced an amendment to its share buyback program, known as the normal course issuer bid (NCIB). The update allows for purchased common shares to be either cancelled or temporarily held in treasury for employee share awards, while all other aspects of the NCIB remain unchanged. This procedural change is part of PetroTal’s strategy to enhance shareholder value and reflects its ongoing commitment to optimizing capital management.
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. The company has become the largest crude oil producer in Peru as of early 2022 and is committed to community-sensitive energy production.
YTD Price Performance: 32.69%
Average Trading Volume: 589,673
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$613.8M
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