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PetroTal Corp ( (TSE:TAL) ) has shared an announcement.
PetroTal Corp. announced the repurchase of 10,422 common shares as part of its share buyback program, with the shares being cancelled to adjust the total voting rights to 913,225,168. This move is part of PetroTal’s strategy to manage its capital structure, potentially enhancing shareholder value and reflecting confidence in its financial health.
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. PetroTal became the largest crude oil producer in Peru in early 2022 and is committed to community-sensitive energy production.
Learn more about TAL stock on TipRanks’ Stock Analysis page.