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Tiny 4 cent miss causes CPX to lose all gains since Nov. 1st, 2010

|Includes:ALJ, APC, ATPAQ, BHI, BOOM, BP, CAM, CHK, COP, Complete Production Services, Inc. (CPX), CVX, CWEI, DBLE, FOR, FTK, FTO, GEOI, GTE, MRO, NOV, OXY, PBR, RIG, SGY, SLB, STO, TOT, VLO, WNR, XOM

(NYSE:CPX) drops over $4/shr on a tiny 4 cent miss, thats pretty amazing over-reaction when considering that shares have not risen much since Nov. 1st and based on the overall picture a 4 cent miss is tiny in comparison to its current & forward earnings potential which still way overshadow the current stock price. Besides on the bright side it did manage to beat on revenues. Consider  what happened to LVS today, it beat estimates but did not beat on revenues, so (NYSE:LVS) is down because its stock has gone bonkers YOY.

The only way you get (CPX) down today at over $4/shr is thru complete panic selling and over-reaction short selling by shorts. Once cooler heads look at this stock next week, it should regain most if not all of today's losses.

http://finance.yahoo.com/q/ae?s=CPX+Analyst+Estimates

The metrics of CPX : 1x sales while a 1.7 sector average.
On a PE metric its roughly 12 while sector is at 23.

Based on the metrics that (NYSE:BHI) & (NYSE:SLB) are trading for, consider today your lucky day to buy shares of (CPX) as one of the best bargains of 2011 in its sector at only $24.74/shr with a forward EPS estimate for 2011 at $2.54 eps while earning .49 eps this qtr.






Stocks: CPX, BHI, SLB, NOV, CAM, RIG, APC, BOOM, TOT, FTK, DBLE, GTE, XOM, BP, CVX, COP, PBR, STO, GEOI, FOR, ATPAQ, SGY, MRO, VLO, FTO, WNR, ALJ, OXY, CHK, CWEI