PetroTal Corp. ("PetroTal" or the "Company") (TSX: TAL, AIM: PTAL and OTCQX: PTALF) is pleased to announce that its Board of Directors has declared a cash dividend of USD $0.015 per common share for the first quarter of 2025.
The Q1 2025 dividend is based on Q4 2024 financial results and will be paid according to the following timetable:
· Ex-Dividend date (AIM): February 27, 2025
· Ex-Dividend date (TSX): February 28, 2025
· Record date: February 28, 2025
· Payment date: March 14, 2025 |
Oops, scrub that. |
I was expecting the dividend to be announced in today's RNS, and production data from wells 22H and 23H. Production has tailed off over the last 6 days. |
All in all it's production that matters and operational efficiency plus of course oil price. The first going great guns, the second can be worked on within reason. |
Management doesn't control the share buyback, it's outsourced at arm's length to a broker. |
Bossy, on 10000+ shares it isn’t material.
Would much rather the management concentrate on the business and erosion control project. |
Strange price discrepancy between Canada and London continues. And for some reason whoever is in charge of PTAL's buyback isn't doing an efficient job.
They continue to pay an extra 1p - 1.5p per share in Canada, instead of doing the bleedin' obvious and just buying the cheaper shares in London. Might not add up to much, but it's the principle. Someone's not making an effort.
Production numbers look amazing. Over 24k BOPD for Feb.
Now please someone at the company give instructions to buy back the cheapest shares available. Which has been on the London market for many weeks now. Sometimes by a clear 3+ percent. |
In 2022, Peru exported $509M in Crude Petroleum. The main destinations of Peru exports on Crude Petroleum were Brazil ($259M), United States ($250M), Netherlands ($255), Sweden ($170), and Ecuador ($10).
i think we will not have much problems with the us tariffs directly |
January will be a new production record. Nearly 23000 bopd offtake from Bretaña alone! |
Is there always one? |
Why not wait for double bottom? |
Seems oddly overlooked now. I'm with malcy on this one! Thinking of topping up at this level. |
I think PTAL has more depth than that. Country risk aside, it is not really a punt these days. |
Nice interview with some interesting insights, |
This share is a punt on the CEO. If he is as good as I think he is, shareholders will be richly rewarded. |
Seller back on the UK market? Seems odd that the share price is different between the two listings.
And why are PTAL (or their broker) buying back both on LSE and at a higher price on the TSX? Why not use all their budget on the cheaper LSE share instead (could even resell them on TSX for a profit!)
London 39.00p - 40.00p sell/buy
Toronto 40.70p - 41.27p sell/buy |
H7 not actually a bad way of putting it. |
New presentaion up today with some fixes. They kept the matrix as is, but added in text that it includes 55M in dividend and 2M in buybacks. |
He's a lucky Pflucker!
I'd be more unhappy if he just sold the freebie shares, or if cash was paid instead of shares. At least it aligns the board with us shareholders.
Huge finish in Canada. Closing spread of 42p / 43.75p equivalent. |
These PSU's do niggle me, over 5m issued, waste of time having buybacks.
This really is the only blot on a good company.
Also putting it out at 6.20pm on a Friday doesn't sit well. |
Fantastic update and guidance. I hold my hands up to trying to trade a few of these - sold about 1/4 of my position at 39.88 hoping to buy back at 3% - 5% cheaper in the near future.
Today's update has scuppered that, and I bought back at 39.94.
Looks like another little mistake picked up on this BB, following the incorrect ex-div date RNS. I wonder if it's the same person responsible for both? If so, definitely need to get them some extra training, double-check details before publishing something. |
H7 thanks for that, perhaps company could employ a proof reader. |
Will be a new pres out by Monday with correct matrix and some other minor fixes.
Atlest it will be correct for London week |
"Looks like an error, looks like they have included the dividend as in subtracted 55M from every post."
Yes, the guidance per RNS today is $60m of free 'funds flow' @ $75 Brent and 22k bopd. |
interesting detail
zeus uses long term 65 usd/bbl brent price
zeus 70 usd/bbl and the company 75 USD/bbl for their 2025 calcs
so much for the exact relevance of the numbers.
but combined give a clear picture |
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