Cobalt International Energy Falls More than 10%

Shares of Cobalt International Energy

are getting killed on Monday after Deutsche Bank lowered its EPS estimates on the stock. At last check, CIE had lost 10.50% and was sitting near session lows at $25.44. Volume has been very heavy with around 4.4 million CIE shares already changing hands on the session versus a 3-month daily average of just over 3 million. Cobalt International Energy, Inc. is an independent, oil-focused exploration and production company with a salt prospect inventory in the deepwater of the United States Gulf of Mexico and offshore Angola and Gabon in West Africa.