Compton Pete Corp (NASDAQOTH:CMZPD)

CAPS Rating: 5 out of 5

The Company is engaged in the exploration, development, exploitation, acquisition and production of natural gas, natural gas liquids and crude oil.


Player Avatar GenericInvestor (87.59) Submitted: 3/7/2011 7:08:36 PM : Outperform Start Price: $106.00 CMZPD Score: -168.01

ev38 can go to hell he ruined my life.

Report this Post 16 Replies
Member Avatar Thaeger (< 20) Submitted: 3/8/2011 1:27:17 AM
Recs: 0

While there's plenty of reason to be pessimistic about this stock (financials, institutional selling, management changes, etc), it is a bit early to be throwing in the towel. Arguably, the stock is in better shape now than it was at 0.53, (lower operating costs, refinanced, rising energy prices, and they even mentioned the energy stock panacea, 'oil,' in their most recent report), so this ship could sail again.

It is a gamble of course, but then, I'm a sucker for tossing some dice in the bargain bin, and have learned to ride out (significant) price dips and bad news, as long as the original investment thesis remains unchanged. As long as oil doesn't tank the economy again, I think they'll be able to limp along until things improve a bit.

Member Avatar MachbusterTom (30.65) Submitted: 3/11/2011 12:52:17 PM
Recs: 0

IMHO CMZPF was at least a 2+ year play anyway... So here we are waiting and waiting and holding and holding :-) and HOPING. I am now losing 33 % but stil this could go minus 50 and then when you finaly think it is time to throw it in (the towel), you can be one week from turning point for this company. It is a very risky investment but extremely cheap so being patient is the key and going very long could make you significant ammount of $$$.

Member Avatar Bays (30.07) Submitted: 4/9/2011 12:20:02 PM
Recs: 0

I was once down 30% on TCK late 2008, and trust me, I was glad I held as it went on to be a 10+ bagger.

I would wait a maximum of 3 years if the fundamentals remain the same, sometimes it takes awhile for the market to recognize value.


Member Avatar GenericInvestor (87.59) Submitted: 4/13/2011 8:22:10 PM
Recs: 0

ev38 pumped and dumper noticed how he went idle after his post? he dumped everything and ran off.

Member Avatar BillyTG (29.37) Submitted: 5/11/2011 4:20:41 PM
Recs: 2

I actually commented on his blog a few weeks later, and he went totally silent, on CAPS and on the Compton yahoo message boards. He has had some great calls on pump and dumps. Unfortunately, I also think he abuses CAPS (at least in that case) for his own pumping and dumping. Anyways, I bought some and sold a couple weeks later for a 10-15% loss. Today I see it selling for 26 cents and am glad I bailed when I did in the 40s. Who knows, maybe it will turnaround and be a 10 bagger, but I'm waiting until after the summer glut before I revisit.

Member Avatar ElCid16 (96.97) Submitted: 5/18/2011 2:11:36 PM
Recs: 3

Keep in mind that he might have gone into hiding because he lost his own ass on this stock. Back in his post about "holding Compton to $2.50," he said he sold a ton of his gold and silver positions to buy into Compton. Considering what gold and silver have done since then (and what Compton has done since then), I'm guessing his portfolio is hurting pretty badly.

Member Avatar GenericInvestor (87.59) Submitted: 5/22/2011 12:24:51 AM
Recs: 0

I hope he did; I finally sold out for a 55% loss. At least I can deduct those losses against my WNR gains.

ev38 should be investigated by the sec. scumbag pumper and dumper hope he gets hit by a car.

Member Avatar MachbusterTom (30.65) Submitted: 6/2/2011 3:30:05 AM
Recs: 0

You both guys may be right but also there is a possibility that he is still holding the position - It was set up as a real LONG TERM investment with no quick reaction probable... We will see in few years - I am cautiously positive on Compton even today (To be honest I am losing huge ammount of money on it now :-) but stocks are also about being a real player, sometimes little crazy). We will see what happens on NG market and what awaits Comptons in the future. Very risky investing....

Member Avatar kdakota630 (29.84) Submitted: 6/6/2011 2:59:48 PM
Recs: 3

[Maybe today (with the stock down 52%) is the opportunity to buy in. I'll be keeping my eyes on it.]

CALGARY - Stock in Compton Petroleum Corp. (TSX:CMT) plummeted 40 per cent Monday after the Calgary-based oil and natural gas company announced a deal to reduce debt, raise $50 million in new financing and consolidate its shares.

On the Toronto Stock Exchange, Compton shares were off nine cents at 13.5 cents at midday with more than 4.8 million traded, making it the third most active issue on Toronto's main board.

Compton had earlier announced an agreement to:

— Convert US$193.5 million of its senior notes due in 2017 and US$46.8 million of convertible notes due this September into shares of the company.

— Add about $50 million of new equity in a private offering that will be used to reduce debt.

— Consolidate existing common shares on a 200-for-one basis.

— Reduce total debt to $145.3 million from $419.6 million, resulting in reduced cash interest and financing charges of about $25.5 million.

The recapitalization deal is expected to be completed by the end of August.

The company said its employees, suppliers and customers will not be affected by the financing transactions, which will put the energy producer in stronger financial condition.

"The recapitalization provides the best available solution to our ongoing debt issue by normalizing our capital structure to be on a level playing field with other natural gas producers," said Tim Granger, president and CEO, said before stock markets opened.

"The recapitalization is critical to Compton's business strategy, providing a stronger financial foundation on which to operate. The corporation will now be able to turn its full attention to its asset base, targeting production and cash flow growth through the internal development of its asset base."

Member Avatar PainterPoker (22.63) Submitted: 6/6/2011 9:47:44 PM
Recs: 0

I am so glad I sold off all of my Compton at .40 for a %20 loss. I took a pretty big hit on this too and decided to sell after its fiscal year 2011 production outlook.

Member Avatar MachbusterTom (30.65) Submitted: 6/7/2011 9:23:56 AM
Recs: 0

RE: PainterPoker
You are pretty lucky after all the downhill of 2011... I am loosing 66% and counting :-(. We will see what's coming next. Holding it.

Member Avatar Valyooo (99.50) Submitted: 6/7/2011 2:21:03 PM
Recs: 2

I lost money on this too, but you have nobody to blame but yourself

Member Avatar MachbusterTom (30.65) Submitted: 6/8/2011 8:16:54 AM
Recs: 0

True true :-) My bet, my result... Will stick with this stock all the way though.

Member Avatar GenericInvestor (87.59) Submitted: 8/10/2011 3:37:37 PM
Recs: 1

ev38 pumper and dumper true sleeze, never even responded in his own thread. scum all the way.

Member Avatar LoserInvestor (58.83) Submitted: 12/28/2011 11:25:19 AM
Recs: 0

ev38 definition of sleezeball loser, should be banned from CAPS.

Member Avatar LoserInvestor (58.83) Submitted: 6/4/2014 5:01:31 PM
Recs: 0

pure scum he is.

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