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Ivanhoe Energy, Inc. The next hottest energy stock on Wall Street December 29, 2011 Ivanhoe Energy the next hottest energy stock today closed at $1.02 a share rising 5% on heavy accumulation. Large blocks are being accumulated in the .98 to $1.05 range. The accumulation line is rising even higher and the chart is gaining strength and momentum. The 52 week trading range is .72 – $3.67. The stock tested a low of 72 cents and has beein in accumulation ever since. The company will be announcing some major updates over the next few weeks. The energy sector is very bullish. Small cap oil and gas companies are becoming a hot commodity. We just witnessed this on Ram Energy (RAM) rising more than 150% and we expect (IVAN) to do the same. We are very bullish on shares of (IVAN) and we are placing a short term price target of $2.10 cents a share. Ivanhoe Energy Inc., together with its subsidiaries, engages in the development and production of oil and gas properties. The company holds interests in the Tamarack property, a 6,880 acre block located to the northeast of Fort McMurray, Alberta, Canada; the Zitong block, which covers an area of approximately 658,000 gross acres in the Sichuan basin, China; the Kongnan oilfield covering an area of 10,255 gross acres in Hebei Province, China; the Nyalga Block XVI, which covers an area of approximately 3.1 million gross acres in Mongolia; and the Pungarayacu heavy oil field in Block 20 that covers an area of 426 square miles in Quito, Ecuador. As of December 31, 2010, it had 44 gross producing oil wells; and proved reserves of 1,738 thousand barrels. The company was formerly known as Black Sea Energy Ltd. and changed its name to Ivanhoe Energy Inc. in June 1999. Ivanhoe Energy was founded in 1995 and is based in Vancouver, Canada. Stock recommendations and comments presented on HotPennyStocksOnline.com are solely those of the analysts and experts quoted. They do not represent the opinions of HotPennyStocksOnline.com on whether to buy, sell or hold shares of a particular stock. Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert’s stock analysis or opinion. All investors are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance is no guarantee of future price appreciation. Most people give up just when they’re about to achieve success. They quit on the one yard line. They give up at the last minute of the game one foot from a winning touchdown. Ross Perot Quelle: http://hotpennystocksonline.com/?p=759 |
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| aus der Diskussion: | Ivanhoe Energy Corp. |
| Autor (Datum des Eintrages): | Illuminat85 (29.12.11 11:10:11) |
| Beitrag: | 13 von 13 (ID:42528942) |
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