IPC Announces Purchase of Common Shares under NCIB
Toronto, March 24, 2025 – International Petroleum Corporation (IPC) is a leading independent oil and gas exploration and production company, listed on the Toronto Stock Exchange (TSX) and Nasdaq Stockholm (IPCO). IPC is dedicated to delivering sustainable energy solutions and creating value for its stakeholders. In line with its commitment to maximizing shareholder value, IPC is pleased to announce that it repurchased a total of 246,338 common shares during the period of March 17 to 21, 2025.
Details of the Share Repurchase
The repurchased shares represent approximately 0.06% of IPC’s issued and outstanding common shares as of March 13, 2025. The average price paid for each share was CAD $11.52. IPC’s normal course issuer bid (NCIB) permits the Corporation to buy back up to 11,865,000 common shares, which is equal to 10% of its public float as of March 11, 2025. The NCIB program will expire on March 15, 2026.
Impact on IPC
IPC’s share repurchase program is an indication of the Corporation’s confidence in its future growth prospects and its belief that its shares are undervalued. By buying back its own shares, IPC can reduce the number of outstanding shares, thereby increasing the earnings per share (EPS) for the remaining shareholders. This can lead to a higher share price and enhanced shareholder value. Additionally, a lower share count can make IPC more attractive to institutional investors and potentially lead to increased demand for its shares.
Impact on Shareholders
IPC’s share repurchase program can benefit individual shareholders in several ways. With fewer shares outstanding, each shareholder will own a larger percentage of the company. This can lead to increased influence over corporate decisions and potentially higher dividends, as the company’s earnings are spread over a smaller share base. Furthermore, a higher EPS can result in a higher share price, leading to capital gains for shareholders. However, it is essential for shareholders to consider their individual investment objectives and risk tolerance before making any investment decisions.
Impact on the World
IPC’s share repurchase program is a part of a larger trend in the oil and gas industry, where companies are buying back their own shares to enhance shareholder value. This trend can have broader implications for the global economy. By reducing the supply of shares available in the market, companies can put downward pressure on interest rates and potentially stimulate economic growth. However, it is important to note that this trend can also lead to increased stock prices and potentially widen the wealth gap between those who own stocks and those who do not.
Conclusion
IPC’s share repurchase program is a strategic move to enhance shareholder value and increase earnings per share. The program can lead to several benefits for individual shareholders, including increased influence over corporate decisions, potential higher dividends, and capital gains. However, it is essential for shareholders to consider their individual investment objectives and risk tolerance before making any investment decisions. Additionally, IPC’s share repurchase program is a part of a larger trend in the oil and gas industry, which can have broader implications for the global economy. As always, it is crucial to stay informed about market trends and company news to make informed investment decisions.
- IPC repurchased 246,338 common shares during March 17 to 21, 2025.
- The repurchased shares represent approximately 0.06% of IPC’s issued and outstanding common shares.
- IPC’s NCIB permits the Corporation to buy back up to 11,865,000 common shares.
- By buying back its own shares, IPC can reduce the number of outstanding shares, increasing earnings per share for remaining shareholders.
- A lower share count can make IPC more attractive to institutional investors and potentially lead to increased demand for its shares.
- IPC’s share repurchase program is a part of a larger trend in the oil and gas industry, which can have broader implications for the global economy.
