RE:All share soldFirst, as to why I cannot see this price drop warranted, an extrac from the company's update
"The Company remains on target to execute its debt repayment strategy in Q4 2022 or Q1 2023, which will allow an accretive shareholder return policy to be examined and approved in Q4 2022, if it is, as expected, economically viable."
Next, that sale. It was by Burggraben Holding AG Alexander Stahel
The company was founded by Stahel and their philosophy is that diversification is for the market player who knows nothing! I digress. In 2019 he wrote a piece on why to invest in TAL. Perhaps you can view it at:
https://seekingalpha.com/article/4312952-petrotal-overlooked-spin-off?source=all_articles_title
or find it by googling the company name and see it listed there.
Why did he sell? Well, he had a nice profit and still holds nearly 4MM on Toronto Excahnge +warrants. Maybe he needed GBP? Oor maybe he has subsequently also sold or exchanged the GBP as it is losing value? Who knows? Still I reckon the reasons he bought, which are explained in the 2019 article, not only still exist but have been reinforced and improved. I particularly love his shining reference to the management of TAL.
GLA
ps we are still above the $88US Brent used in TAL's 2022 projections and production is increasing as we move to the sept date for the petroperu pipeline repairs completion, and the social fund is being formally established