Business Watch

Winnipeg Free Press (December 18, 2007)

Author: Anonymous

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Summary


Compton Petroleum Corp. (TSX:CMT) said Monday it's "puzzled" by a major shareholder's complaint that its shares are undervalued but it will "fully consider" a call for it to be put up for sale.

Centennial Energy Partners LP, which holds 19.78 per cent of [Compton]'s outstanding stock, said last week it has "doubts" about management's ability to improve the disconnect between its trading price and value.

The Government Accountability Office, the U.S. Congress' investigative arm, found that the SEC receives many referrals from the exchanges' internal inspectors concerning suspected insider trading. However, the agency's computer systems for receiving such investigative referrals and tracking cases don't allow its investigators to electronically search all the referral information, the report said.

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