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Stock impact report

Riley Permian Announces New Share Repurchase Program [Yahoo! Finance]

Riley Exploration Permian, Inc. (REPX) 
Company Research Source: Yahoo! Finance
of Directors has authorized the initiation of a share repurchase program of up to $100 million of the currently outstanding shares of the Company's common stock over a period of 24 months. The Board also authorized the Company to enter into written trading plans under the Securities Exchange Act of 1934, as amended, to facilitate the repurchase of its common stock pursuant to its share repurchase program. Bobby Riley, Chairman and CEO for Riley Permian, commented, "We're excited to introduce a share repurchase program as another means of returning capital to shareholders in addition to our quarterly dividends. With the closing of Riley Permian's previously-announced midstream sale, we are well-positioned to pursue opportunities to unlock value and maximize shareholder returns. The share repurchase program highlights our confidence in continued excellent operational performance and financial strength." The shares may be repurchased by the Company from time to time in open market tr Show less Read more
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