Ivanhoe Energy, NovaGold Resources: Canada Stock Market Preview

By John Kipphoff

July 14 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading on July 14. Stock symbols are in parentheses, and share prices are from the last close in Toronto.

The Standard & Poor's/TSX Composite Index fell 0.3 percent to 13,709.10 on July 11.

Ivanhoe Energy Inc. (IE CN): The company developing a method to increase profit from heavy-oil production said it completed the purchase of oil-sands assets in Alberta from Talisman Energy Inc. (TLM CN) for C$90 million ($88.9 million), instead of C$105 million as announced on May 29.

Ivanhoe is buying Talisman's interest in two leases, not three, as originally planned, the Calgary-based company said in a statement on Canada NewsWire. Ivanhoe fell 2.3 percent to C$2.94

NovaGold Resources Inc. (NG CN): The co-developer of the Donlin Creek gold mine in Alaska reported a second-quarter loss of 8 cents a share before one-time items after markets closed. The deficit was twice as big as two analysts in a Bloomberg survey predicted. The shares rose 6 percent to C$7.62.

To contact the reporter on this story: John Kipphoff in Toronto at jkipphoff@bloomberg.net.