Ivanhoe Energy, Inc. (USA) (IVAN)

This met a high level screen to indicate a sell and strong underperform against its peers (other tickers in its industry). My 1st version of this spreadsheet devles deep into the company's balance sheet and recent income statements, combined with other relevant price data for the company including insider/institutional holdings, short interest, debt levels, etc.
I'm testing capabilities of this 1st version of my automated, valuation spreadsheet matched with my personal criteria and see how it holds up.

Good oil reserves close to home

I agree with Tagit, if they can find away to purge it, they will. Just a matter of when.
IVAN: 2.17 +0.22 +11.28%fyi
After Hours: 2.75 +0.58/+26.73% Vol. 1.00 Mil
The reason:
Ivanhoe Energy review confirms "world-scale status" of Ivanhoe Energy Ecuador's Pungarayacu heavy-oil field in Ecuador Co announces that a new, independent review of earlier drilling has confirmed the world-scale status of Ivanhoe Energy Ecuador's Pungarayacu heavy-oil field in Ecuador. Ivanhoe Energy Ecuador signed a contract in October 2008 with Ecuador state oil companies Petroecuador and Petroproduccion to explore and develop the Pungarayacu field, utilizing Ivanhoe's proprietary Heavy-to-Light (HTL) heavy-oil upgrading technology. It concludes that the Pungarayacu Project contains a Best Estimate of 6.4 billion barrels of original oil-in-place. Based on a review of data from 27 wells drilled during the early 1980s by Petroproduccion, the report submitted by GCA contains a range of estimates from a low of 4.3 billion barrels to a high of 12.1 billion barrels of original oil-in-place.
Confirmation of this estimate would make the Pungarayacu field the largest accumulation of heavy oil in Ecuador and one of the largest in Latin America.
The 250-square-mile (647 sq. km) Pungarayacu heavy-oil field, which was discovered approximately 30 years ago, is part of Ecuador's Block 20, and is approximately 125 miles (200 kilometers) southeast of Quito, in the Amazon Basin. Ivanhoe Energy's contract covers project appraisal and development of Block 20, including production and upgrading of the heavy oil. Block 20 covers approximately 426 square miles (1,100 square kilometers, or 272,000 acres).
Ivanhoe has previously reported that the magnitude of the Pungarayacu oil field - together with access to the existing pipeline to Ecuador'sPacific Rim export terminal and transportation to Asian and North American seaborne energy markets - makes the project of significant interest to numerous international oil companies. Several large international oil companies already have approached Ivanhoe Energy Latin America and expressed serious interest in participating in the project. Under Ecuadorian law and the terms of the Block 20 contract, Ivanhoe must seek Petroproduccion's approval when specific strategic partners are introduced to the project.
Ivanhoe Energy Ecuador, a Canadian company, is a wholly-owned subsidiary of Ivanhoe Energy Latin America Inc., the parent company of Ivanhoe Energy Inc.'s Latin America corporate group.

No float. Insiders own all the stock and have their money at risk. Very small company starting to grow.

Ivan will spike on the anouncement of a partner for the Equador deal.

High risk--High reward. You decide.

5-4-2009:
Ivanhoe Energy successfully processes Athabasca bitumen at its Feedstock Test Facility in San Antonio, Texas. Tests confirm earlier data and validate Ivanhoe Energy's Heavy-to-Light (HTL) assumptions for its projects in Canada and Ecuador

5-12-2009
Ivanhoe Energy Tgt Raised To C$2 From C$1 By R. James >IVAN--should be 3 and could be the "Golden Egg" of future oil plays.

5-25-2009
Ivanhoe Energy Ecuador Inc. has received authority to assume control of Block 20 and initiate operations on the Pungarayacu field in Ecuador. This follows the receipt by Ivanhoe Energy Ecuador of a key environmental license issued by the Ecuadorean government, related to the development of the Pungarayacu field.

Pungarayacu is considered by Ecuador to be the country's largest known single accumulation of hydrocarbon resource. The Pungarayacu oil field, covering 250 square miles (647 square kilometres), was discovered and partly delineated approximately 30 years ago by Petroecuador. The field was found to include a substantial resource of heavy oil, but development was held back due to the challenges associated with heavy-oil production. Ivanhoe Energy's unique and patented HTL (Heavy-to-Light) heavy-oil upgrading process provides a solution to these challenges, enabling the field to be developed and produced.

5-28-2009

Reuters changes rating to "outperform".

The risk:

Ivanhoe Energy's lack of history in developing commercial HTL opportunities, geological conditions in reservoirs may not result in commercial levels of oil and gas production, the availability of drilling rigs and other support services, uncertainties about the estimates of the reserves, the risk associates with doing business in foreign countries, environmental risks, changes in product prices, our availability to generate cash flow and raise capital

Conclusion:

It’s an expensive venture & costly, and could be an acquisition candidate. However, as the world continues onward and for those “reluctantly” resistant to alternative energy “unfortunate for mother earth,” they’ll find a way to purge and process it. It’s not a question of if, but, when ---I ASSURE you.

My fellow fools-you decide. I’m going to buy a small slice and close my eyes, its all or nothing with these guys. It Might be the grand slam oil play of the future.

my friend says this is good.

It works and is never down.

This stock is cheap compared to what it could be making over the next few years. Give ths one some time and it will be a huge winner.

energy conversion

strong demand

The HTL technology is key to a profitable venture in the expensive oil sands industry. The juice is worth the squeeze.

ivan is a good drilling company but there bigest concern is sighning with a major oil company such as exxon if they can do this they will become a high dollar stock

Energy sources, especially the oil sands region in Canada, could significantly increase energy availability for USA and Canada

More Oil with good underlying numbers

Their HTL technology reduces processing costs for heavy oil or oil sands bitumen by about $20/bbl. Roll out in the next several quarters willl initiate some buys from E&P folks around the world.

New Technology "HTL" will boost this stock higher.

It's all about the oil right now...

The HTL process was 'pitched' to me a couple of years ago when Ivan was $2.02. and oil was "cheap". It was not really feasible at the time due to cost vs. return. The Money Gods smiled on them when oil reached $100.

Even after the Talisman purchase., I feel "BIG OIL" will step up and buy the process from Ivanhoe. The enormous reserves HTL opens up is simply too big to overlook. In most countries the 'easy' oil is gone. The US included. Here are proven, available, and semi-local sources that rival any in the world. And this is the company to begin the process of energy independence. It WILL double in value in the next 10 months.

And when BIG money gets ahold of this and can expand HTL to a major source of petroleum, who knows how this will affect the world market?