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Strategies & Market Trends : Value Investing

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To: Mr.Gogo who wrote (38418)	7/2/2010 1:33:22 PM
From: Paul Senior	Read Replies (1) of 78726

Welcome, Mr. Gogo. I have a few shares of Compton. My average purchase price is $1.01/sh., so with my shares now at $.55/sh., I am not a happy shareholder. Compton recently gave up their listing on the NYS, so the stock symbol for me is CMZPF. I'm a novice as regards the oil/gas sector. It seems to me that there doesn't seem to be a standard way in which nat gas companies report the value their assets. When they report to shareholders, the common thread seems to me that they report in any/all ways which give the most favorable valuation and/or prospects. For me, I have enterprise value (at current .55 share price) at $764M with 2pnpv at $1.69B. So I call the stock undervalued. In past few weeks the company has announced some asset sales and debt debt reductions. I don't see that reflected in the numbers they are reporting. When I see the new numbers, I might decide to add more shares. It will remain a small, speculative position here for me; I'm much more interested in oil e&p vs. nat gas e&p companies.

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