Tuesday, July 29, 2008

Ivanhoe Energy (IVAN)

Company:Ivanhoe Energy, Inc.
Web Site:http://www.ivanhoe-energy.com
Purchase Price:$2.31
Current Price:Click Here

I've had my eye on Ivanhoe Energy for a couple of months now - ever since the company acquired three leases in the Athabasca oil sands region in Alberta. While I've been watching several companies through the spring, I've been reluctant to get back into the oil business since taking a loss on Pilgrim ... but there's just too much potential in this player, and the major players are beginning to take notice - so I figure now is the time to strike.

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