Something that we have been considering is an investment in Ivanhoe Energy. The recent down cycle in the stock coupled with the (non) reaction of the market after the Fed cut makes this as attractive opportunity for a price bottom.
Our attractive price buy in is under $2 a share to sell if it drops below $1.25. The going forward catalyst for this company is in it's recent shift from development & testing to production & implementation of build out projects.
The story here is short. They take a lower worth asset of heavy crude to a higher grade value of light crude at a higher market pricing. The return value of offset components is compelling because it attributes to cost of operation. The production facilities are scalable, and the focus up north should prove to be a profitable commercialization aspect. Long term the shark has jumped on this stock and it's technology.
The partner process and banking investment should prove out in the next 30 days. We will monitor the developments going forward, and update the process.
Keeping with our focus & thesis, this stock is undervalued and meets the criteria set forward in our original statement of undervalued assets.
Regards.
Our attractive price buy in is under $2 a share to sell if it drops below $1.25. The going forward catalyst for this company is in it's recent shift from development & testing to production & implementation of build out projects.
The story here is short. They take a lower worth asset of heavy crude to a higher grade value of light crude at a higher market pricing. The return value of offset components is compelling because it attributes to cost of operation. The production facilities are scalable, and the focus up north should prove to be a profitable commercialization aspect. Long term the shark has jumped on this stock and it's technology.
The partner process and banking investment should prove out in the next 30 days. We will monitor the developments going forward, and update the process.
Keeping with our focus & thesis, this stock is undervalued and meets the criteria set forward in our original statement of undervalued assets.
Regards.
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