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The latest announcement is out from PetroTal Corp ( (TSE:TAL) ).
PetroTal Corp. announced the repurchase of 22,476 common shares as part of its share buyback program, with the shares being cancelled. This transaction reduces the total number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder voting rights. The company now has 914,238,577 common shares in issue, which shareholders can use to determine their interest 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. The company focuses on developing oil assets in Peru, with its flagship asset being the Bretana oil field in Peru’s Block 95. PetroTal is the largest crude oil producer in Peru and is committed to community-sensitive energy production.
See more insights into TAL stock on TipRanks’ Stock Analysis page.