TSX:IPCOOil and Gas
Is International Petroleum’s (TSX:IPCO) New Buyback the Clearest Signal Yet on Capital Allocation Priorities?
Earlier this month, International Petroleum Corporation (TSX:IPCO) announced a new normal course issuer bid authorizing the repurchase and cancellation of up to 6,468,077 shares, or about 5.77% of its 112,155,527 outstanding common shares, through to December 4, 2026.
This move tightens the share count at a time when analysts already expect meaningful reductions in shares outstanding, potentially amplifying future per-share metrics if the company delivers on its growth plans.
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