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December 23, 2005

SpeculatingStocks.com Stock Pick: Ivanhoe Energy Inc. (IVAN)

Stock Price: $3.70


Ivanhoe Energy Inc. is an international energy company engaged in the exploration and production of oil and gas. The company's main operations are in the United States and China.

Ivanhoe Energy reported revenue of $8.9 million for the latest quarter and a small net loss of $55,000. The company is working on streamlining its holdings and operations in China. Ivanhoe is now funded through an $18.25 million private placement agreement.

IVAN volume has been steadily building over the last two weeks while it has moved under $1.40. IVAN is a popular stock and has eyes on it right now. Under 1% of the float is being shorted. IVAN is close to its 52-week low and at a strong buying point for the long-term.

 
     
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