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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL
CWEI 131.900.0%Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (503)3/19/1997 4:07:00 PM
From: RonN   of 1017
 
As much as one can enjoy bad news, were lucky to have your insight. The numbers indicate this being a buying time. Not a hold, or anything else. I've had it and I'd like to average down, and big, but I just don't feel everything is right. Otherwise the recent news and oil prices on an up-swing would have the opposite effect than what were seeing.

Do you think that the increased expenditure on the 3-D survey alone (from 3.1 to 4M) as well as the overall cost being paid over the next 2 quarters be causing this reaction? Or is there something were not seeing.

I guess I've got a lot of questions. Any answers?
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