NYSE:IVAN.WS - Post Discussion
Post by
investingcare on Feb 19, 2012 11:05pm
I found news
WSJ MarketWatch - Ivanhoe Energy "Could Be Up for Grabs" / Takeover Target10-Jan-12 02:59 pm
Very interesting article I found on the WSJ MarketWatch wesbite that mentions Ivanhoe Energy as a potential takeover target.
https://www.marketwatch.com/story/the-big...
"...should the pipeline plan make it through this impasse, the implications for the oil sands sector will huge. Not only would Enbridge stand to benefit for its efforts, but junior oil sands players would as well. Foreign dollars have been dangled lightly so far, with China's PetroChina International Investment Co. snapping up the remaining 40% of its partner Athabasca Oil Sands' [ATH - TSX] interest in the Mackay River project for $680 million earlier this month. Entities from both South Korea and China have expressed interest in securing some of Canada's energy resources, especially with the potential for International shipping possibly around the corner. If and when the pipeline receives approval, other junior entities under a billion market cap like Alberta Oilsands [AOS - TSX.V], Connacher Oil and Gas [CLL - TSX] and Ivanhoe Energy [IE - TSX] could be up for grabs. Given yesterday's acquisition of SilverBirch Energy [SBE - TSX.V] for $435 million by Teck Resources [TCK - TSX], the buyout environment for oil sands takeovers appears ripe."
Sentiment : Strong Buy
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