Skip to main content

The Globe and Mail

As Ivanhoe Energy sells assets, Robert Friedland buys shares

Nathan VanderKlippe for The Globe and Mail

In December Ivanhoe Energy Inc. completed two Chinese assets sales to help reduce debt. In addition to strengthening the balance sheet, the sales were a part of a strategy to focus the company's attention on developing heavy oil projects in Canada and Ecuador as well as advancing its proprietary heavy-to-light (HTL) oil upgrading technology. Ivanhoe co-chair Robert Friedland was buying Ivanhoe Energy shares late last fall. This week he was buying again. On Jan. 23 he picked up 2.2 million shares at 90 cents.

Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.

Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.

Story continues below advertisement

Report an error
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨

Combined Shape Created with Sketch.

Combined Shape Created with Sketch.

Thank you!

You are now subscribed to the newsletter at

You can unsubscribe from this newsletter or Globe promotions at any time by clicking the link at the bottom of the newsletter, or by emailing us at privacy@globeandmail.com.