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An update from PetroTal Corp ( (TSE:TAL) ) is now available.
PetroTal Corp. announced a share buyback programme, purchasing and cancelling 26,598 common shares through Stifel Nicolaus Europe Limited as of December 13, 2024. This transaction leaves PetroTal with 911,984,539 common shares in circulation, affecting the calculations for shareholder voting rights. The buyback reflects the company’s strategic efforts to manage its share capital effectively, potentially influencing its market position and shareholder value.
More about PetroTal Corp
PetroTal Corp. is a publicly traded oil and gas development and production company based in Calgary, Alberta. It is focused on developing oil assets in Peru, with its flagship asset being the Bretana oil field in Peru’s Block 95. The company has been producing oil since June 2018 and became the largest crude oil producer in Peru in early 2022. PetroTal is committed to community-sensitive energy production and has a management team with significant experience in the Peruvian oil sector.
YTD Price Performance: -18.31%
Average Trading Volume: 648,005
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$529.5M
Find detailed analytics on TAL stock on TipRanks’ Stock Analysis page.