- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
TAG Oil Announces Share Buyback in Light of Retreating Oil Prices
TAG Oil (TSX:TAO, OTCQX:TAOIF) announced that it intends to purchase 5,885,051 of the company’s common shares as the share price is currently being hampered by low oil prices. Over the past 12 months TAG has purchased and cancelled 1,977,200 of its common shares at an average weighted purchase price of CDN $2.10 per common share.
TAG Oil (TSX:TAO, OTCQX:TAOIF) announced that it intends to purchase 5,885,051 of the company’s common shares as the share price is currently being hampered by low oil prices. Over the past 12 months TAG has purchased and cancelled 1,977,200 of its common shares at an average weighted purchase price of CDN $2.10 per common share.
According to the press release:
TAG Oil believes that its share price does not reflect the underlying value of the Company, and that purchasing shares for cancellation will be advantageous to the Company and its shareholders.
Click here to read the TAG Oil Limited (TSX:TAO,,OTCQX:TAOIF) press release
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.