Past year: ▲ 6%(1.10c – 5.00c USD)
Each one in plain English, with the numbers worked through for a shareholder.
2 June 2015bankruptcy or receivership▼ BadMajor
Ivanhoe and its creditors failed to agree on a viable restructuring proposal by the extended deadline. Under the Bankruptcy and Insolvency Act the company was automatically deemed bankrupt as of 11:59pm on June 1, 2015.
6 May 2015bankruptcy or receivership▼ BadMajor
The court granted Ivanhoe a one-month extension, to June 1, 2015, to file its formal restructuring proposal, and the company's CFO announced his resignation effective the end of May.
20 Mar 2015listing compliance notice● NeutralMajor
IVANHOE ENERGY INC's exchange filed to remove a class of its securities from listing.
12 Mar 2015bankruptcy or receivership▼ BadMajor
An Alberta court approved US$1M in debtor-in-possession financing from Robert Friedland to fund the company through restructuring, lifting his total secured loans to US$6.11M and adding priority charges for professional fees and director indemnities ahead of unsecured creditors.
26 Feb 2015bankruptcy or receivership▼ BadMajor
Ivanhoe filed a Notice of Intention to Make a Proposal under Canada's Bankruptcy and Insolvency Act, entering formal creditor-protection restructuring with Ernst & Young as trustee. NASDAQ responded the same day by moving to delist the stock.
18 Feb 2015debt financing▼ BadMajor
Robert Friedland provided yet another secured bridge loan, US$2.37M, taking his total secured lending to the company to US$5.11M. The cash was earmarked for mandatory Ecuador severance obligations and to pay down overdue trade payables owed to Friedland's own affiliated companies.
13 Feb 2015debt default or forbearance▼ BadMajor
Ivanhoe missed the December 31, 2014 interest payment on its Cdn$73.3M of 5.75% convertible debentures, and after the 30-day grace period lapsed, trustee Bank of New York Mellon formally declared an Event of Default and demanded immediate payment of the roughly Cdn$2.1M owed.
11 Feb 2015listing compliance notice▼ BadMajor
Ivanhoe fell out of compliance with a separate NASDAQ rule requiring a three-member independent audit committee after director Robert Pirraglia resigned, adding a second, unrelated listing deficiency on top of the ongoing bid-price problem.
10 Feb 2015material agreement termination▼ BadMajor
Ivanhoe and Ecuador's state oil successor Petroamazonas mutually terminated the Block 20/Pungarayacu service contract that had anchored the company's Ecuador heavy-oil ambitions since 2008, following a January announcement that Ivanhoe was scaling back Ecuador activity amid collapsing oil prices and stalled partner talks.
20 Jan 2015listing compliance notice▼ BadMajor
NASDAQ issued a third minimum-bid-price deficiency notice, giving Ivanhoe until July 2015 to regain compliance - a deadline the company would not reach, having by then filed for bankruptcy protection.
5 Jan 2015debt financing▼ BadMajor
Robert Friedland extended a further US$540,000 secured bridge loan, taking his total secured loans to the company to US$2.74M, as Ivanhoe's working-capital needs kept growing.
5 Nov 2014substantial holder notice● Neutral
OR Robert M. Friedland, OR Newstar Holdings SRL, OR Newstar Securities SRL reported a IVANHOE ENERGY INC shareholding of 2,887,979 shares (17.50% of votes) in a periodic institutional filing.
15 Oct 2014debt financing▼ BadMajor
Founder and Executive Co-Chairman Robert Friedland provided Ivanhoe a US$2.2M secured bridge loan against nearly all company assets and resigned from the board the same day to avoid a conflict of interest as the company's largest shareholder, a convertible-debt holder and now also its secured lender - the first of a series of insider loans that would fund the company through its final year.
30 Apr 2014agm notice● Neutral
IVANHOE ENERGY INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
10 Jan 2014substantial holder notice● Neutral
Manulife Financial Corporation, John Hancock Small Cap Equity Fund reported no remaining IVANHOE ENERGY INC shareholding in its periodic institutional filing.
12 Sept 2013listing compliance notice▼ BadMajor
Ivanhoe again fell short of NASDAQ's $1.00 minimum bid price requirement, a second deficiency notice roughly 16 months after its first, underscoring sustained share-price weakness even after the roughly US$150M raised from exiting China.
10 Sept 2013substantial holder notice● Neutral
Manulife Financial Corporation, John Hancock Small Cap Equity Fund reported a IVANHOE ENERGY INC shareholding of 6,979,114 shares (6.08% of votes) in a periodic institutional filing.
6 Mar 2013substantial holder notice● Neutral
OR Robert M. Friedland, OR Newstar Holdings SRL, OR Newstar Securities SRL reported a IVANHOE ENERGY INC shareholding of 60,397,558 shares (17.40% of votes) in a periodic institutional filing.
21 Feb 2013substantial holder notice● Neutral
OR Robert M. Friedland, OR Newstar Holdings SRL, OR Newstar Securities SRL reported a IVANHOE ENERGY INC shareholding of 62,897,558 shares (18.00% of votes) in a periodic institutional filing.
19 Feb 2013substantial holder notice● Neutral
OR Robert M. Friedland, OR Newstar Holdings SRL, OR Newstar Securities SRL reported a IVANHOE ENERGY INC shareholding of 61,937,558 shares (17.70% of votes) in a periodic institutional filing.
13 Feb 2013substantial holder notice● Neutral
Manulife Financial Corporation, John Hancock Global Opportunities Fund reported a IVANHOE ENERGY INC shareholding of 40,052,273 shares (11.64% of votes) in a periodic institutional filing.
24 Jan 2013substantial holder notice● Neutral
OR Robert M. Friedland, OR Newstar Holdings SRL, OR Newstar Securities SRL reported a IVANHOE ENERGY INC shareholding of 60,937,558 shares (17.40% of votes) in a periodic institutional filing.
3 Jan 2013substantial holder notice● Neutral
OR Robert M. Friedland, OR Newstar Holdings SRL, OR Newstar Securities SRL reported a IVANHOE ENERGY INC shareholding of 58,712,558 shares (16.80% of votes) in a periodic institutional filing.
28 Dec 2012asset acquisition disposition▲ GoodMajor
Ten days after selling Dagang, Ivanhoe also closed the Zitong sale to Shell for about US$105M, completing a full exit from China and bringing in roughly US$150M combined from the two deals to fund its oil sands and Ecuador heavy-oil ambitions.
21 Dec 2012substantial holder notice● Neutral
OR Robert M. Friedland, OR Newstar Holdings SRL, OR Newstar Securities SRL disclosed a new substantial IVANHOE ENERGY INC shareholding (19.20% of votes).
18 Dec 2012asset acquisition disposition● NeutralMajor
Ivanhoe completed the sale of Pan-China/Dagang to MIE Holdings for US$45M less a US$4M holdback, exiting the China oilfield project that had been its founding asset since 2004.
26 Nov 2012material agreement● NeutralMajor
Ivanhoe agreed to sell Pan-China Resources - the subsidiary holding its original Dagang oilfield project, the asset that had anchored the company since 2004 - to MIE Holdings for US$45M cash.
18 Oct 2012material agreement● NeutralMajor
Ivanhoe signed a definitive agreement to sell its Zitong China interest to Shell for a reduced US$105M (US$85M cost reimbursement plus US$20M on closing), down from the up-to-US$160M outlined in January's MOU.
31 May 2012listing compliance notice▼ BadMajor
Ivanhoe received its first NASDAQ notice for falling below the $1.00 minimum bid price, with 180 days (to November 2012) to regain compliance. The stock kept trading on the Toronto Stock Exchange, which has no such rule.
26 Apr 2012agm notice● Neutral
IVANHOE ENERGY INC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
