Buy IVAN - Ivanhoe Energy (IVAN)

I placed a buy on Ivanhoe Energy Inc. (IVAN) this morning and got filled @ $1.12.  IVAN stock broke $1.12 resistance today and so far hit $1.15.  I'm not sure how long I will hold this stock but will keep a tight leash.  Ivanhoe Energy Inc. (IVAN) will also hit resistance around $1.25.


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.