IVAN - Sector: Energy---Industry: Oil & Gas Operations

[setravis]

Oversold...
Strong fundamentals and the chart is indicating there could be a rebound soon

Recent CandleStick Analysis
Bullish
Dec-27-2006 Bullish Harami 

Support @ $1.31...1.18
Resistance @ $1.40...1.53...1.60

52wk Range: 1.04 - 3.43
Volume: 1,861,992
Avg Vol (3m): 994,798

Technicals
Percentage Gainer

Last Price Quote is:
7.04%above 13-day MA
-1.49%below 50-day MA
RS Rating: 12 

Fundamentals
Key Data:
Market Cap (M): $352.11 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 03/14/2007
Last Analyst Rating: Buy

[ScottishTrader]

IVAN is doing a crazy ivan!!!

Currently up over 20% today and acting like it has more in the tank.  Not sure whats driving this bu th volume is huge!  Bust through 1.68 without much trouble at all.

Bought some a couple days back at 1.33, hope you got some Setravis.  These bottom formations are starting to work out pretty well for me! 

[rickjust]

hi probably a little late to the party for me . the 200 ma looming
what do you think,
maxi

[ScottishTrader]

I don't really know, its a tough call.  It has really ripped today, but it could keep going tomorrow.  I mean look what it did last January!!!  Short term, I think 2.05 and possible 2.30 is doable, but if you look at the longer term chart, IVAN has a history of big fast moves.  If it breaks above 1.82, which is the closest overhead resistance, I would consider that very bullish, and we could see another 30% off that.  Suppor looks to come in at 1.68 and 1.60, so a buy around here with a stop below one of these might give a reasonable level of rsik (below 1.60 it would be about 10%).  I'd dip a toe in and see how it comes out tomorrow, it could reverse from here or it could gap n go.  Really not sure what is causing this move yet.

[ScottishTrader]

Edit:  While I was typing IVAN dropped down but looks like it wants to find support in the 1.60s - for a speculative trade, at 1.66 where it is now, I think it ain't bad with a stop just below 1.60.

[setravis]

IVAN has made a strong bounce North here from this,
61.8% Fibonacci retracement.
Steam rolled through the 200-day MA....


52wk Range: 1.15 - 3.30
Volume: 3,647,971...................
Avg Vol (3m): 1,636,250

Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
18.02%above 13-day MA
27.31%above 50-day MA
RS Rating: 96 

Fundamentals
Earnings Expected on Mar 14

Key Data:
Market Cap (M): $352.11 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 03/14/2007
Last Analyst Rating: Buy

[Holygrale]

Shaping up nicely, seems to be gaining some momentum..............


Volume picking up too.

[Buyhigh?]

Got into this bugger today!!

[calven]

Nice Upchannel on IVAN - Worth a watch - Bottom of channel at 2.10

[setravis]

The sector is red hot.......longer term up now
Ivan looks like it could be a very good looking stock.
Could work its way to the 3's?
That's just my feeling, but what do I know, 
but I do believe it looks like IVAN is waking up and if it even attempts to gain energy like in the past, it may rocket a bit ....
Retraced just past a 61.8% Fib, and bounced off the 200-day MA


52wk Range: 1.15 - 2.88
Volume: 1,398,256
Avg Vol (3m): 2,513,630

Technicals
Close Above the 13-day MA
Percentage Gainer

Last Price Quote is:
1.72%above 13-day MA
-3.06%below 50-day MA
RS Rating: 80 

Fundamentals
Key Data:
Market Cap (M): $422.39 
P/E Ratio: NA 
PEG Ratio: N/A 
Next Earnings: 08/08/2007
Last Analyst Rating: Buy

[setravis]

Ivanhoe Energy 2007 First Quarter Results and Operations Update.......

VANCOUVER, May 10 /PRNewswire-FirstCall/ - Ivanhoe Energy Inc. (NASDAQ: IVAN and TSX: IE) will today file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2007.
Highlights

We made good progress this past quarter consistent with our focus on building a heavy oil development and production company based on our proprietary, patented HTL(TM) heavy oil upgrading technology.


    -  Cash flow from operating activities remained positive for the tenth
       consecutive quarter, generating US$2.6 million, which is used
       primarily to fund our HTL business.
    -  We signed an agreement with INPEX CORPORATION, Japan's largest oil and
       gas exploration and production company, to jointly pursue the
       opportunity to develop a large heavy oil field in Iraq that Ivanhoe
       Energy believes is a suitable candidate for its HTL technology. This
       agreement calls for a payment by INPEX to Ivanhoe Energy of
       US$9 million.
    -  We signed an agreement with a significant Western Canadian oil sands
       producer for a joint feasibility and testing program using our
       proprietary HTL technology for the processing of a unique heavy oil
       stream from the Athabasca oil sands region of Western Canada.
    -  We successfully completed key performance tests at our Commercial
       Demonstration Facility (CDF) in California in preparation for the
       design of full-scale commercial facilities.
    -  We sanctioned the construction of a Feedstock Test Facility, a small,
       highly flexible HTL unit that will provide a cost-effective and
       flexible testing facility for third party crudes.

    HTL Business Development Activities

Ivanhoe Energy and INPEX CORPORATION, Japan's largest oil and gas exploration and production company, signed an agreement to jointly pursue the opportunity to develop a heavy oil field in Iraq that Ivanhoe Energy believes is a suitable candidate for its HTL technology. The agreement provides INPEX with a significant minority interest in the venture and requires a payment by INPEX to Ivanhoe Energy of US$9 million as a contribution towards Ivanhoe Energy's past field studies and related costs. The agreement calls for these funds to be paid in the second quarter of 2007. INPEX has expressed an interest in supporting the development of the HTL technology and indicated that the technology is expected to have the potential to improve the economics of heavy oil production the world over.

Ivanhoe Energy and a Western Canadian oil sands producer have signed an agreement to pursue a joint feasibility and testing program using Ivanhoe Energy's proprietary HTL technology on a unique heavy oil stream from the producer's Athabasca operations. This potential new application of the HTL technology is another example of the flexibility of our proprietary heavy oil upgrading technology. The application contemplated by this test program compliments our main strategy of deploying our HTL technology as a strategic tool to acquire and develop heavy oil reserves.

HTL Technology Development Activities

Four successful runs at the CDF were performed over the past quarter, processing California vacuum tower bottoms (VTBs). Ivanhoe Energy's primary goals were achieved in all runs, namely the confirmation of yields and product quality compared with previous pilot data, as well as proving out our new high quality processing configuration. The recent CDF runs have successfully demonstrated the technical capability of this facility. In addition, a new sampling system was installed and tested this quarter. This sampling process allows us to obtain more accurate product samples at multiple points during individual test runs, and with shorter run times.

Ivanhoe Energy has initiated the design and construction of an additional HTL facility, the Feedstock Test Facility (FTF). The FTF is a small, highly flexible state-of-the-art HTL facility which will permit more cost-effective screening of feedstock crudes for current and potential partners in smaller volumes and at lower costs than required at the current test facility and will incorporate all of the recent improvements identified during CDF operations. As we continue to advance our technology, this unit will form an integral part of the ongoing post-commercialization optimization of our products and processes.

Ivanhoe Energy is proceeding with preliminary, non site-specific engineering related to the first fully commercial HTL facility, supported by the recent successful CDF runs. The FTF will provide additional data and will support the detailed engineering process once the first commercial target location and crude has been established. The FTF, costing approximately US$7.9 million, will be completed in early 2008, and be commissioned soon thereafter. Ivanhoe Energy is in discussion with several parties who have expressed an interest in participating in the co-development and cost sharing of the FTF. The location of this facility will be determined in the near future.

Cash flow from operating activities remained positive for the tenth consecutive quarter, generating US$2.6 million. Our existing production in the U.S. and China continued to fund the business and technology development expenses associated with the planned deployment of our HTL technology. Our loss narrowed from the fourth quarter, primarily due to a non-cash impairment of our China oil and gas properties of $4.7 million that was incurred in the fourth quarter of 2006. Revenue decreased as production volumes fell slightly and average oil prices were lower.

Liquidity and Capital Resources

On March 31, 2007, our cash position was US$10.8 million. Operating activities provided US$2.6 million in cash for the first quarter of 2007. Capital investments for the first quarter of 2007 were US$5.3 million.

On April 19, 2007 we announced an agreement with INPEX CORPORATION under which Ivanhoe Energy will receive $9 million. We expect to receive the funds in the second quarter of 2007

CONTACT: Information Contact: Cindy Burnett, (604) 331-9830, Website: www.ivanhoeenergy.com

--------------------------------------------------------------------------------
Source: Ivanhoe Energy Inc.

[Ares]

What do you think of those wolfe waves?
Are they valid lines?

FIbonacci extention using 2.70,2.00, and 2.14 is:

0.000 = 2.14
0.618 = 1.71
1.000 = 1.44
1.270 = 1.25
1.620 = 1.01

Fibonacci retracement using 1.15 and 2.70 is:

0.250 = 2.31
0.382 = 2.10
0.500 = 1.92
0.618 = 1.74 (recent swing low went below this at 1.65)

Slow Stochastics (21.7.7) = below 20
RSI(2) = above 80
MACD (12.26.9) = below 0 that has not crossed up yet (no sign of divergence yet or a higher high cross)
Linear regression (1 standard deviation) is:

1.97
1.50
1.03

Champion trader, Trading day, Linear regression are looking at 1.97 as resistance.

Champion trader support = 1.73
Trading Day support         = 1.73
FIb(150)                            = 1.74
Fib ext (0.618)                   = 1.71
Fib ret  (0.618)                   = 1.74

Target using Fibonacci extention with points 1.15,2.70, and 1.65 is:

2.618 = 5.69
1.620 = 4.15
1.270 = 3.61
1.000 = 3.19
0.618 = 2.60
0.000 = 1.65

[Ares]

This is what I came up with for IVAN's probable Support and Resistances using a combination of internet sites and tools.
Happy trading.

[Ares]

Looking at the weekly chart, price went below the Bollinger Band's midline.
The current week shows that price closed above the midline and 8ma.

[setravis]

Pre-Market mover.......

IVANHOE ENERGY INC (NasdaqCM:IVAN)   

Pre-Market: 2.14  0.30 (16.30%) as of 8:46AM ET on 06/06/07

volume @ 426,211