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PetroTal Executes Share Buyback, Cancels 22,126 Shares

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PetroTal Executes Share Buyback, Cancels 22,126 Shares

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PetroTal Corp ( (TSE:TAL) ) has provided an update.

PetroTal Corp. announced the purchase and cancellation of 22,126 common shares as part of its share buyback program, reducing the total number of outstanding shares to 916,395,837. This action aligns with the company’s strategy to enhance shareholder value and may affect voting rights calculations for shareholders under the FCA’s Disclosure Guidance and Transparency Rules.

More about PetroTal Corp

PetroTal Corp. is a publicly traded oil and gas development and production company based in Calgary, Alberta, focused on developing oil assets in Peru. It holds a 100% working interest in the Bretana oil field in Peru’s Block 95, initiated production in 2018, and is the largest crude oil producer in Peru. The company emphasizes community-sensitive energy production and is led by an experienced management team.

YTD Price Performance: 16.67%

Average Trading Volume: 682,791

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: C$641.8M

Find detailed analytics on TAL stock on TipRanks’ Stock Analysis page.

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