Compton Petroleum Corporation (CMZ)

[swanlinbar]

CMZ bought a good starter position today! CMZ Chart

[davidio]

Compton Petroleum Corporation Q1 2010 Earnings Call Transcript

http://seekingalpha.com/article/204987-compton-petroleum-corporation-q1-2010-earnings-call-transcript?page=1

[itsme123]

Great News!!!!!

Summary of Results:

<<
- Cash flow was $20.4 million or $0.08 per diluted share
- Operating loss was $4.8 million or $0.02 per diluted share
- Net earnings were $17.0 million or $0.06 per diluted share
- Capital expenditures were $14.5 million, before acquisitions and
divestitures
>>


Achievements:

<<
- Strengthened capital structure through further debt reduction
compared to December 31, 2009:
- Bank debt decreased by 15% to $90.7 million
- Total bank debt and senior notes decreased by 5% to $539.0 million
- Average production was 19,411 boe/d, which was comparable to 19,351
boe/d for the fourth quarter of 2009
- Reduced internal cost structures through focused cost control
initiatives as compared to the first quarter of 2009:
- Operating expenses decreased by 15% or $3.3 million
- Administrative expenses decreased by 8% or $0.5 million
- Reduced operating costs per boe to $10.53 per boe versus $11.29 per
boe for 2009 (full year average), despite production declines
- Improved average initial production rates of horizontal multi-stage
fractured wells at Niton while reducing drilling costs
>>


Sentiment : Strong Buy

[itsme123]

Compton reports first quarter 2010 results
http://www.newswire.ca/en/releases/archive/May2010/12/c3046.html

[mlkrborn]

$1.00 VOLUME 9 m.

[The Night Stalker]

what a fucking joke

[The Night Stalker]

http://ih.advfn.com/p.php?pid=trades&cb=1268406070&symbol=CMZ

lots of buys today its up from here

[The Night Stalker]

i did some DD i found out the book value is 1.90

http://stockcharts.com/h-sc/ui?s=cmz&p=D&b=5&g=0&id=p19905564743

charts broke out i see this testing 1 soon

[The Night Stalker]

I bought in CMZ at .93 today, book value per share is 1.90 this ones cheap.

http://stockcharts.com/h-sc/ui?s=cmz&p=D&b=5&g=0&id=p19905564743

broke ma50 volume is increasing too

[mlkrborn]

091-096

[mlkrborn]

Holding well above $1 in down markets.. CFW fell below $1.00.. shows the strength.

[The Night Stalker]

CXM- see what i mean, seems like theres something wrong with it, i bought CTZN today at .54 i hope to make back them damn losses with it.

[trade2much]

Armani yeah the stock market does that to you, depends on your entry and some decent luck as to weather or not that happens with any issue not just this one. I am up 16% on it so not all people get stung. lol

[The Night Stalker]

i already played CXM once..... got my ass handed to me, im not going to buy that bio anymore

[trade2much]

CXM good clear shot up until resistance at 1.30 area

[trade2much]

Armani just CXM so far

[The Night Stalker]

you in CMZ? chart needs to break sar at 1.13 then it runs

http://stockcharts.com/h-sc/ui?s=cmz&p=D&b=5&g=0&id=p19905564743

[trade2much]

NEW SP TARGET $1.25 out today by BMO

[RACKnRICKY]

was out fishing all day,but still on my watch...i had a chance at .89 but didnt get in yyet

[The Night Stalker]

Looking to buy this today i was in the last run to 1.69

[mlkrborn]

083 multiyears low ?

[RACKnRICKY]

.866 now up almost 05 cents

[RACKnRICKY]

cmz @ .82 could be bottom for monster run in 2010,double bottom if we se .52 again but i think it will run tom. w exxon news.

[lazyeye]

Thanks trini...nice post.

[trinistox]

5 Top Stocks at Half Price
By Rich Duprey
November 16, 2009 | Comments (0)

You love buying your shirts when they go on sale. And who can resist a buy-one-get-one-free offer? So when our stocks go on sale, why do we bemoan their low prices?

Smart investors like Warren Buffett or Marty Whitman love it when their stocks are suddenly selling at bargain-basement prices. For them, these companies become no-brainer buys.

The investors in the Motley Fool CAPS community also like a bargain, apparently. Below, you'll find five companies whose shares are selling at least 50% below their 52-week highs, but which still earn high honors from our investor-intelligence database. Consider it a BOGO sale on stocks.

Stock
CAPS Rating (out of 5)
% Off 52-Week High

Angiotech Pharmaceuticals (Nasdaq: ANPI)
*****
55%

Compton Petroleum (NYSE: CMZ)
*****
50%

DRDGOLD (Nasdaq: DROOY)
****
55%

Helicos BioSciences (Nasdaq: HLCS)
****
55%

LDK Solar (NYSE: LDK)
****
61%


Naturally, we want you to look a bit closer at these stocks before buying. You can get low-priced appliances in the dent-and-ding section of your home-remodeling superstore, but their quality might not be so good. Same thing here: Make sure there's nothing seriously wrong with the company before you plug it into your portfolio


http://www.fool.com/investing/general/2009/11/16/5-top-stocks-at-half-price.aspx

[trinistox]

webcast today

Compton Petroleum at FirstEnergy Capital EnergyGrowth Conference (Live)
November 17, 2009 at 4:00 p.m. ET

http://phx.corporate-ir.net/phoenix.zhtml?c=69018&p=irol-IRHome

[trinistox]

found this on the yahoo boards

1. Shares are trading for below recent secondary price of $1.25. Buying after a cap raise/dilution has been great for investors who had patience to wait. For examples:

KOG did a secondary in May for about 10 million shares at 75 cents! Now KOG trades for about $2.5!

BEXP did a secondary in May for about 32 million shares at $2.75. Now, BEXP trades for about $10.50!

PETD did a secondary in August for about 609,000 shares at about $13. Now, PETD trades for about $19!

CMZ just had a secondary a few weeks go at $1.25. Where will it be in 3 to 4 months?? Probably higher.

In these cases, it took about 3 to 4 months for the share price to raise to the extraordinary gains shown above. If CMZ follows a similar pattern that would imply that around December/January there could be gains.


2. Insider buying: 250,000 shares recently bought by insiders!! Two insiders recently purchased 150,000 shares total at about $1.17 per share. Another insider trade for a total of 100,000 shares was reported purchased by the CFO at a price of about $1.22 and he also bought 200,000 warrants which will only be valuable if CMZ is trading over $1.55 See this at:

http://canadianinsider.com/coReport/allT...

3. Recent capital raise and sale of royalties for about $50 million greatly improves balance sheet strength. They may also have another deal in December for about $50 million to sell another royalty contract.

4. Nat gas prices appear to have hit bottom. I believe prices will revert to the mean sooner or later and with a much improved balance sheet, CMZ can benefit heavily when prices rebound.

5. CMZ has a new management team and from what I have read and see them do so far, I am impressed. They are making agressive move to strengthen balance sheet and they are investing their own money buying lots of CMZ shares.

6. From what I read at www.comptonpetroleum.com about 60% of their nat gas is hedged to protect against price drops.

7. The recent sale of about 2.5% of revenue for about $50 million. If 1/40th of this company's revenue is worth $50 million, this seems to imply a value even at very depressed nat gas valuations a value of $2 billion. If you look at current enterprise value, it is much lower than $2 billion. To grow into this $2 billion valuation stock price would have to increase substantially since debt portion of enterprise value would remain stable. I know this is not a perfect analysis in that it doesn't take in all variables but it also doesn't take into account that valuations could be much higher if nat gas prices rise to historical norms.

8. This stock once was about $17 per share before the credit crisis and recession hit the economy. While I don't expect a quick rebound in natural gas prices, I still think looking back at this time and opportunity to buy CMZ at about $1.00 per share will look very good a couple months from now and possibly truly fantastic in a couple of years or so. Also book value is much higher than current share price.

9. Given a choice between risk of letting $1 sit in a 1% cd or money and pay taxes on those minimal returns while the dollar continues to decline in value versus paying about $1 for a share of CMZ at close to historically low nat gas and stock prices, I will put some of my money on CMZ.

10. The mergers and acquisitions market has heated up in the last couple of months due to more financing options arising.

11. CMZ reported better than expected earnings, while analysts were looking for a loss of about 12 cents they made a profit of about 10 cents for the quarter!

12. CMZ is the type of small cap, low priced, beaten down stock that typically posts large gains in any "January effect" and year end market rally.

[trinistox]

100 share blocks going through. MM crap again. don't know why the SEC doesn't do their damn jobs. clear maniulation

[joakim]

CMZ news





http://finance.yahoo.com/news/Compton-reports-third-quarter-cnw-2768541859.html?x=0&.v=1

[joakim]

CMZ news

http://finance.yahoo.com/news/Compton-Petroleum-announces-cnw-2845793041.html?x=0&.v=1

[JUST 10-11-12]

book value?

[The Night Stalker]

They must be dumping new shares?

[cosmoworld7]

What do you think is a good buy in price based on todays news? TIA

[DAD2]

NEWS Today


Compton Petroleum Corporation declares the resignation of Mr. Tim Millar, Vice President, General Counsel & Corporate Secretary, to pursue other opportunities effective May 31, 2009. The Company also announces that Mr. David Horn will join Compton in a new position as Vice President, Business Development and Land, effective May 19, 2009.

Mr. Horn's career spans over 25 years of acquisition and divestiture and land experience in the petroleum industry, having executed over $5 billion in corporate and asset acquisitions and divestitures during this time. Previously, he was President of The Oil and Gas Asset Clearinghouse, managing the company's Calgary office. Prior to that, Mr. Horn held various senior positions in land, acquisitions and divestitures at several companies, including Tristone Capital Inc., EnCana Corporation, PanCanadian Petroleum, Altana Exploration and Amoco Canada Petroleum Company Ltd.

He holds a Bachelor of Arts in Economics from the University of Calgary. Mr. Horn has been an active member of several professional associations, including the Canadian Association of Petroleum Landmen and the American Association of Petroleum Landmen. He presently serves on the Board of Directors of the Petroleum Acquisition and Divestiture Association.

"I would like to sincerely thank Tim for his contribution to Compton over his tenure here," said Tim Granger, President and Chief Executive Officer. "He's provided legal counsel and direction since the Company became public in the mid-1990s. On behalf of the Board and the Company, I wish him well in his future endeavors."

Mr. Granger continued, "I would like to welcome David Horn to the Company. David enters into a new role at Compton, providing extensive business development and land experience that will be instrumental to our future direction."

[DAD2]

Gonna get up to $2.00 before the end of the month.

[DAD2]

ALL I CAN SAY IS WOWW!!!! NICE JUMP.

[DAD2]

Get in before $5 or the next jump in oil which ever comes first!!!!!!!!!!!!!!

[DAD2]

Still time to get in before the summer driving season.

[DAD2]

The rise in oil will drive this one back to last falls prices.

[Greencake]

Pricing here is unreal Friend.....

market cap around 315 Million..... less than 1/3 of the normal market cap....

Should turn into fast money.......

Blue Skies, Green $creens,

JT

[Greencake]

Compton Petroleum expects to sell company by fall


Thursday June 12, 8:42 am ET

Canada's Compton Petroleum is seeking a buyer and selling noncore assets



NEW YORK (AP) -- Compton Petroleum Corp., a Canadian natural gas company, said Thursday it hopes to sell the company by this autumn.
Late last year majority shareholder Centennial Energy Partners LLC, which owns 19.7 percent of Compton, urged the board to consider selling the company.

Compton said it "is proceeding with potential sales of certain noncore properties which will result in Compton becoming a highly focused non-conventional natural gas company."

Tristone Capital Inc. and UBS Securities Canada Inc. will continue their role as financial advisers to the Calgary, Alberta-based company, Compton said.

http://biz.yahoo.com/ap/080612/compton_petroleum_sale.html?.v=1



"Where Liberty Dwells; There Is My Country" Dr. Benjamin Franklin

[Greencake]

Last three candles Sir, your opinion plz ... "3 black crows"? or "bullish" engulfing ????

ascending triangle bullish break....you say?

[FineLineInvesting]

CMZ just broke out of an ascending triangle

[Greencake]

Cash Flow



CASH FLOW

http://finance.yahoo.com/q/cf?s=CMZ&annual

View: Annual Data | Quarterly Data All numbers in thousands
PERIOD ENDING 31-Dec-07 31-Dec-06 31-Dec-05
Net Income 130,932 103,700 71,251

Operating Activities, Cash Flows Provided By or Used In
Depreciation 161,453 234,038 94,096
Adjustments To Net Income (92,384) (14,103) 74,746
Changes In Accounts Receivables (11,839) - -
Changes In Liabilities 6,667 - -
Changes In Inventories - - -
Changes In Other Operating Activities (18,647) (93,125) 7,242

Total Cash Flow From Operating Activities 176,181 236,154 245,862

Investing Activities, Cash Flows Provided By or Used In
Capital Expenditures (466,761) (450,394) (439,972)
Investments - - -
Other Cashflows from Investing Activities 225,404 (48,485) 46,419

Total Cash Flows From Investing Activities (241,357) (498,879) (393,553)

Financing Activities, Cash Flows Provided By or Used In
Dividends Paid (9,349) (7,870) (7,870)
Sale Purchase of Stock (540) 1,063 71,758
Net Borrowings 71,792 271,333 84,416
Other Cash Flows from Financing Activities - 1,011 (1,569)

Total Cash Flows From Financing Activities 61,903 265,537 146,735
Effect Of Exchange Rate Changes - - -

Change In Cash and Cash Equivalents ($3,273) $2,813 ($956)