International Petroleum bought back 225,000 shares Aug. 17–21 under its NCIB. The program allows up to 6.47 million shares through Dec. 4, 2026.
Alpha Score of 49 reflects weak overall profile with strong momentum, poor value, moderate quality. Based on 3 of 4 signals – score is capped at 90 until remaining data ingests.
International Petroleum Corporation (IPCO) said it bought back 225,000 of its common shares under a normal course issuer bid during the week of Aug. 17–21. The buyback was split between two exchanges: 150,000 shares on Nasdaq Stockholm and 75,000 on the Toronto Stock Exchange.
Pareto Securities handled the Nasdaq Stockholm purchases. ATB Securities handled the TSX side. All repurchased shares will be cancelled, the company said in a statement Monday.
As of Aug. 21, IPC had 112,826,752 shares outstanding and held 502,616 in treasury. The current NCIB, announced in December 2025, allows the company to repurchase up to 6.47 million shares through Dec. 4, 2026, or earlier if the program is completed or terminated.
IPC is an oil and gas producer with assets in Canada, Malaysia and France. It is part of the Lundin Group of Companies. The shares trade under the ticker IPCO on both the TSX and Nasdaq Stockholm.
AlphaScala's Alpha Score for IPCO is 56, classified as Moderate, reflecting the company's position in the Consumer Discretionary sector.
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