Ivan stock price worth $14.67
with JUST 5 agreements
Briefing
by: tidepooler 05/31/06 09:14 am
Msg: 245081 of 245372
09:01 IVAN Ivanhoe Energy: Upgrade details (2.29 +0.07) -Update-
As noted at 6:28 Jefferies upgrades IVAN to Buy from Hold and raises their tgt to $4 from $1.65 based on its Heavy-To-Light (HTL) Heavy Oil upgrading technology. They believe IVAN will leverage this proprietary process into Joint Ventures with operators with significant proven heavy oil properties, which could ultimately represent $14.67 per share of Present Value. The firm notes in order to prove commerciality of the HTL process, Ivanhoe built a 1,000 Bopd test facility in Aera Energy's Belridge Heavy Oil field, located near Bakersfield, California. After performing a successful test run on California Crude, the firm says Ivanhoe is now focused on performing longer test runs for potential partners utilizing both Heavy California crude and Athabasca Heavy crude (Bitumen). The firm says implementation of the H.T.L process can increase the present value of a standard 30,000 bopd heavy oil project by $860 mln. They believe Ivanhoe can leverage its proprietary H.T.L process into gaining ownership of between 25% and 35% of a new Heavy Oil project -representing between $342-$479 mln of present value net to Ivanhoe for each project. Based on the assumption that crude oil averages $65 and IVAN enters into five agreements, the firm says this could represent $3.5 bln of present value to IVAN, or $14.67 per share.
Jefferies is highly qualify to analysize IVAN
phx.corporate-ir.net
Jefferies Wins Ten Awards in Forbes.com / StarMine Analyst Rankings; Continues Series of Recent Honors for Firm's Equity Research Effort
NEW YORK--(BUSINESS WIRE)--May 16, 2006--Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced that the Firm's Equity Research Group was awarded a total of ten honors in the Fifth Annual Forbes.com / StarMine Analyst Awards, including nine in the "North America's Top Analysts Survey," and one in the "United Kingdom and Ireland Top Analysts Survey." The awards recognize analysts who have turned in exemplary performances as top stock pickers, earnings estimators, or both during the prior calendar year.
Jefferies is a leading provider of research and capital markets capabilities to growing and mid-sized companies and their investors. The firm's broad equity research effort, which includes more than 120 professionals in the U.S. and Europe with over 770 companies under coverage, has received key industry accolades, including a recent #1 ranking among investment banks by Investars for return on analyst recommendations for the two-year period ending April 2006. Jefferies was similarly recognized with last year's #2 ranking in the 2005 "Best on the Street" analyst survey by The Wall Street Journal with eight analyst honors and the highest "batting average." The Firm's equity research effort is focused on key growth industries in the global economy, including aerospace and defense, business, financial and IT services, consumer, energy, gaming and lodging, healthcare, industrials, maritime, media and entertainment, technology, and telecommunications.
StarMine awards won by Jefferies analysts this year include:
U.S.
-- #1 Stock Picker in the Multi-Utilities Industry (Paul B.
Fremont)
-- #1 Estimator in the Electric Utilities Industry (Paul B.
Fremont)
-- #2 Stock Picker in the Electric Utilities Industry (Paul B.
Fremont)
-- #2 Stock Picker in the Pharmaceuticals Industry (David H.
Windley)
-- #2 Estimator in the Pharmaceuticals Industry (David H.
Windley)
-- #1 Stock Picker in the Media Industry (Robert G. Routh)
-- #1 Estimator in the Internet Software & Services Industry
(Youssef H. Squali)
-- #2 Estimator in the Consumer Finance Industry (Richard B.
Shane)
-- #3 Estimator in the Marine Industry (S. Magnus Fyhr)
UK & Ireland:
-- #3 Stock Picker in the Health Care Industry (Robin W.
Campbell)
"We are very pleased that our leading research coverage of growing and mid-sized companies continues to gain recognition," commented Steven R. Black, Director of Equity Research at Jefferies. "Jefferies remains committed to offering objective investment ideas and independent insight, and we congratulate our entire research team for excellence in coverage."
Forbes.com is a leading provider of business and financial news. StarMine is a leading provider of objective ratings of securities analysts, measuring analysts' performance based on the return of their stock recommendations and the accuracy of their earnings estimates.
About the Analysts
Paul B. Fremont, a Managing Director and Senior Equity Research Analyst covering the electric utilities sector, ranked as the #1 Stock Picker in the Multi-Utilities Industry, #1 Estimator in the Electric Utilities Industry and #2 Stock Picker in the Electric Utilities Industry. In 2005, Mr. Fremont was also recognized in the "Best on The Street" analyst survey by The Wall Street Journal and the "Home Run Hitters" awards by Institutional Investor Magazine.
David H. Windley, CFA, CPA, a Managing Director and Senior Equity Research Analyst specializing in the specialty pharmaceuticals and pharmaceutical services industries, ranked as both the #2 Stock Picker and #2 Estimator in the Pharmaceuticals Industry. Mr. Windley was also ranked the best stock picker for Healthcare Providers & Services in last year's StarMine awards, and was recognized in the 2005 "Best on The Street" analyst survey by The Wall Street Journal.
Robert G. Routh, CPA, a Managing Director and Senior Equity Research Analyst covering the media & communications industry, ranked as the #1 Stock Picker in the Media Industry. Mr. Routh is often cited in notable news and industry publications including The Wall Street Journal, Barron's, The New York Times, Business Week and Dow Jones Newswires.
Youssef H. Squali, a Managing Director and Senior Equity Research Analyst specializing in the technology industry, ranked as the #1 Estimator in the Internet Software & Services Industry. Mr. Squali was also ranked the best earnings forecaster for this industry in last year's StarMine awards, and was recognized in the 2005 "Best on The Street" analyst survey by The Wall Street Journal.
Richard B. Shane, a Managing Director and Senior Equity Research Analyst covering the specialty finance industry, ranked as the #2 Estimator in the Consumer Finance Industry. Mr. Shane was also ranked a Top 3 stock picker for this industry in last year's StarMine awards, and was recognized in the 2005 "Best on The Street" analyst survey by The Wall Street Journal.
S. Magnus Fyhr, a former Managing Director and Senior Equity Research Analyst in shipping, ranked as the #3 Estimator in the Marine Industry. Mr. Fyhr was also ranked the best stock picker for this industry in last year's StarMine awards, and was recognized in the 2005 "Best on The Street" analyst survey by The Wall Street Journal. Mr. Fyhr's coverage of Maritime Shipping has recently been assumed by colleague Douglas J. Mavrinac.
Robin W. Campbell, PhD, a Senior Equity Research Analyst specializing in the biotechnology industry, ranked as the #3 Stock Picker in the Health Care Industry for the UK and Ireland. Dr. Campbell has more than 15 years of experience in the securities industry and, previously, 10 years in the biotechnology / pharmaceuticals industry and is based in the London office of Jefferies International Limited.
About Jefferies
Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 40 years. Headquartered in New York, with more than 25 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The Firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefferies.com).
CONTACT: Jefferies & Company, Inc.
Tom Tarrant, 203-708-5989
ttarrant@Jefferies.com
SOURCE: Jefferies & Company, Inc.
Reuters Canada piece
by: yes2ivan
Long-Term Sentiment: Strong Buy 05/31/06 03:42 pm
Msg: 245340 of 245372
News from Reuters
Ivanhoe Energy shares pumped up by analyst upgrade
31/05/06
TORONTO (Reuters) - Shares of Ivanhoe Energy got a boost on Wednesday, rising sharply after Jeffries & Co. upgraded shares of the oil firm based on its heavy oil upgrading technology.
Jeffries analyst David Adams upped his rating on Ivanhoe shares to "buy" from "hold" and boosted his target price to $4.00 from $1.65.
Ivanhoe shares raced ahead 26 percent to $2.88 on Nasdaq before easing slightly to $2.80, for a gain of 22 percent just after midday. On the Toronto Stock Exchange, the shares were up 58 Canadian cents, or 23 percent, at C$3.08.
Adams said Ivanhoe's heavy-to-light technology, which has the potential to significantly increase the volume and value of production from heavy oil fields, opens the door for heavy oil developments in regions that have been restricted due to small reserve size, lack of natural gas or lack of diluents.
The analyst also said Ivanhoe performed a successful test run on California crude at a test facility it built to prove the commercial potential of its HTL process.
Adams also said Ivanhoe will now focus on performing longer test runs for potential partners, which could lead to joint ventures in heavy oil developments.
"Successful demonstration of Ivanhoe's test facility has drawn keen interest from a number of operators with significant proven heavy oil reserves," Adams wrote in a note. "We believe a successful demonstration in its upcoming tests will lead a proven heavy oil operator to implement the HTL technology."
[© Reuters Limited.]
tinyurl.com
Cindy Burnett is the Ivanhoe PR Investors Relation
representative
05/31/2006
Dow Jones News Services
(Copyright © 2006 Dow Jones & Company, Inc.)
By Kamakshi Tandon
Of DOW JONES NEWSWIRES
TORONTO (Dow Jones)--Ivanhoe Energy Inc. (IVAN) is up 21%, following an analyst's report that emphasized the value of the company's upgrading technology for heavy oil.
Ivanhoe Energy has exclusive rights to its heavy-to-light oil conversion process.
David Adams, an analyst for Jefferies & Co., upgraded Ivanhoe Energy to buy from hold based on the "potential of its HTL technology."
"I think it ultimately represents over $14 per share of value to the company," he said, adding that his 18-month target for the stock is $4.
Asked if the stock's movement is related to the release of his report, Adams said, "I'd like to think so."
The report said Ivanhoe Energy is close to demonstrating the commercial viability of its technology, which would open the door to joint ventures with heavy-oil developers. "We expect that Ivanhoe can leverage its proprietary technology into at least two heavy-oil developments over the next 18 months," Adams said in the report.
Jefferies & Co. hasn't had an investment-banking relationship with Ivanhoe Energy in the past 12 months and Adams doesn't own the stock.
An official with Ivanhoe Energy also cited the analyst report when asked about the stock's jump, saying there is no internal reason for the movement.
The official said the company has upgraded its California test site and expects to begin tests at "full commercial mode" in a few days. The HTL process allows oil to be upgraded in the field, the official said, and also creates a large amount of surplus energy as a byproduct. That surplus energy could replace the natural gas used by developers to recover heavy oil, the official said.
The official confirmed that the company is targeting joint ventures with companies that own land in California, Iraq and Alberta.
On Nasdaq Wednesday, Ivanhoe Energy is up 48 cents to $2.77 on 8.2 million shares. It has traded as high as $2.88 Wednesday.
Company Web Site: ivanhoe-energy.com
Spoke to Cindy just now
by: rhino_porsha
Long-Term Sentiment: Strong Buy 05/30/06 08:30 pm
Msg: 244937 of 245372
Here's the schedual for the runs
Monday should start the first one....first they heat the sand - takes awhile then the run will go for 24 hrs.
They have to tear a lot apart inbetween runs to collect data, see how it all works and write it all down for due diligence.
Then the second run will go for 3 days and this will be heavy oil also like the 24 hr run.
Tear down to collect due diligence
Then the COP run which will be a 5 day run. This will be about mid July finished.
I asked about the trading in IVAN shares and maybe why no one is buying to offset the price they will have to pay to sign up with IVAN (MAJORS MOSTLY) Cindy said ANYONE they are negotiating with have to sign confidentiality agreements and it INCLUDES NO TRADING in their stock....I asked if ALL the MAJORS have signed these agreement and she said YES.
Jeffries says $14.67 in value
by: tunes0801 05/31/06 06:58 am
Msg: 244949 of 245372
From Briefing.com:
Jefferies upgrades Ivanhoe Energy (IVAN 2.29) to Buy from Hold, as they believe the co will leverage its Heavy-To-Light Heavy Oil upgrading technology into Joint Ventures with operators with significant proven heavy oil properties, which could ultimately represent $14.67 per share of Present Value..
31-May-06 06:28 ET In Play IVAN Early Research Calls II : Upgrades: Jefferies upgrades Ivanhoe Energy (IVAN 2.29) to Buy from Hold, as they believe the co will leverage its Heavy-To-Light Heavy Oil upgrading technology into Joint Ventures with operators with significant proven heavy oil properties, which could ultimately represent $14.67 per share of Present Value...
|
