TSX:TALOil and Gas
PetroTal (TSX:TAL) Halts Dividend—A Fresh Look at Valuation After Strategic Shift and Market Challenges
PetroTal (TSX:TAL) has decided to suspend its regular quarterly dividend until further notice. This decision is driven by ongoing delays in its development drilling program and continued pressure from lower oil prices.
See our latest analysis for PetroTal.
Shareholders have had a rough ride lately, as PetroTal’s share price sold off sharply, down more than 35% just in the past week and over 29% year-to-date. This downward momentum follows lower Q3 earnings, reduced production guidance, and,...