November 3, 2005
SpeculatingStocks.com Stock Pick: Ivanhoe Energy Inc. (IVAN)
Stock Price: $2.11 (short-term strong buy)
We released IVAN as a stock pick on September 30th as a short-term strong buy at $2.11. IVAN ran to as high as $3.20 within six trading days of our stock pick. IVAN ran higher due to good news on their Iraq and China operations.
Ivanhoe Energy, Inc. is an international natural gas company focused on becoming the leader in the development of gas-to-liquid projects. They currently have operations in Texas, California, and China.
Resource stocks will continue to improve as resources become more and more scarce especially oil. Demand for oil is at all time highs and IVAN is well positioned to continue to expand in this space with their oil project in China.
SpeculatingStocks.com Target Price: We believe IVAN will climb above $3 again within the next month.