Clayton Williams Energy (CWEI) OIL Message Board

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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (509)	3/20/1997 7:26:00 AM
From: Michael J. Feldman	of 1017

Buzz, Got this news report from Reuters. RESEARCH ALERT - Clayton Williams (NASDAQ:CWEI) FY97 up Reuters, Wednesday, March 19, 1997 at 15:44 -- Hanifen Imhoff Inc said Wednesday it raised its earnings estimate for Clayton Williams Energy Inc's fiscal 1997 earnings to $1.34 a share from $1.20, citing its record earnings in the fourth quarter of 1996 of $0.77 versus an operating loss of $0.07 a year ago. -- Hanifen said the latest quarterly results were well above its estimate of $0.60 and the consensus of $0.54. -- Clayton Williams is expected to see higher-than-expected oil prices and lower-than-expected expenses in 1997, Hanifen said. -- Clayton Williams is an oil and gas exploration company. -- Its shares were trading down 3/4 Wednesday at 12-5/8. Copyright 1997, Reuters News Service This makes more sense. Mike

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