Posted: 8 month(s) and 23 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
Posted by: ToddShriber

Compton Petroleum (CMZ.NYSE), a Canadian oil and gas concern, fell 10 cents, or 8.6%, to $1.07 today, making the stock the biggest loser on the New York Stock Exchange. Volume was 89,000 shares below the daily average.

Compton Petroleum sells crude oil and natural gas liquieds primarily to refineries and marketers of crude oil and natural gas liquids. Given the recent strength of the Canadian energy market, today's plunge is somewhat vexing.

Perhaps this is an issue of the men being separated from the boys and if you're wanting to play Canada's burgeoning energy sector, sticks with the bigger names like Nexen (NXY) and Suncor Energy (SU). Compton's debt load is six times greater than its market cap and it has no free cash flow. You know what that means. Stay away.

For more on Compton Petroleum, go here: http://www.comptonpetroleum.com

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