IPC announced its repurchase of 263,500 common shares. (Source: Shutterstock)
International Petroleum Corp. (IPC) announced its repurchase of 263,500 common shares under normal course issuer bid (NCIB) in an Oct. 9 press release.
From Oct. 2-6, IPC repurchased 121,000 common shares on the NASDAQ Stockholm, which were finalized by Pareto Securities. A total of 142,500 common shares were repurchased on the Toronto Stock Exchange and were finalized by ATB Capital Markets.
IPC states that all common shares repurchased by the company under the normal course issuer bid and share repurchase program as late as Oct. 6 will be canceled.
Recommended Reading
Coterra Eyes Wolfcamp D, Penn Shale Upside with $3.95B Permian M&A
2024-11-15 - With $3.95 billion in Permian M&A, Coterra is adding new Delaware Basin locations in the Bone Spring, Harkey and Avalon benches—and eyeing upside from deeper zones.
Roth-Backed SPAC To Take Public Permian Gas, Helium Producer
2024-11-13 - A blank-check company backed by Roth Capital Partners and Craig-Hallum Capital Group aims to combine with Permian gas and helium producer New Era Helium.
Despite Low Prices, Thrifty, Efficient E&Ps Keep Distributions Flowing
2024-10-08 - Even with lower commodity prices, producers have maintained healthy shareholder returns through dividends and buybacks thanks to M&A, drilling efficiencies and capital discipline.
On The Shelf: Strawn Wells an Independent Paradise or Graveyard?
2024-10-21 - Operators can’t depend on traditional solutions to succeed on the Eastern Shelf, where drilling horizontal Strawn wells has been a decade-long iterative process.
Oxy CEO Sheds Light on Powder River Basin Sale to Anschutz
2024-11-14 - Occidental is selling non-core assets in the Lower 48 as it works to reduce debt from a $12 billion Permian Basin acquisition.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.