Gulfport Energy ( ($GPOR) ) just unveiled an update.
Gulfport Energy Corporation has announced a strategic move to repurchase 150,000 shares of its common stock from Silver Point Capital at a slight discount, enhancing its existing $1 billion stock buyback initiative. This transaction, valued at around $26.3 million, is set to close on December 2, 2024, reducing the program’s remaining capacity to $441.7 million while continuing to bolster shareholder value.
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