Ivanhoe Energy Inc. (USA) (NASDAQ:IVAN)
About Ivanhoe Energy Inc. (USA) (NASDAQ:IVAN) Ivanhoe Energy Inc. (Ivanhoe) is an independent heavy oil development and production company. The Company operates in four segments: Oil and Gas-Integrated, Oil and Gas-Conventional, Business and Technology Development and Corporate. The Companyâ€™s operations are carried out in Canada, China, Mongolia and Ecuador. On July 17, 2009, the Company completed the sale of its wholly owned subsidiary, Ivanhoe Energy (USA) Inc. In July 2009, the Company sold its United States oil and gas operations to Seneca South Midway LLC, a subsidiary of Seneca Resources Corporation. In November 2009, the Company completed the acquisition of PanAsian Petroleum Inc. (PPI), which provides it with the right to explore, develop and produce oil or gas within Block XVI in Mongoliaâ€™s Nyalga Basin.
52 week range
$1.46 - $3.89
Financials Ivanhoe Energy Inc. (USA) (NASDAQ:IVAN) generated current quarterly total revenue of $4.26 million that are slightly less than last quarter closing that was $6.07 million. Gross profit and net income has also decreased in current quarter. The companyâ€™s cash flow from operations has decreased enormously to negative $13.76 million from last quarter ending cash flow of negative $8.34 million. That is very frail signal and company could face some problems to repay debts. Total assets of company mount up to $406.98 million as of 30th September, 2010 that is 1.34%less than last quarter ending but it has managed to maintain the current ratio. The companyâ€™s total equity is also gradually decreasing which depicts that company is going to have more funding liquidity problems and fewer would be funds available to invest in future profitable opportunities.
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Published on Jan 17, 2011
About Ivanhoe Energy Inc. (USA) (NASDAQ:IVAN) Ivanhoe Energy Inc. (USA) (NASDAQ:IVAN) Current Price $3.15 Market Capitalization: $1.05B Ivan...