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 (520)	3/21/1997 4:43:00 PM
From: Buzz Mills	of 1017

CWEI closed @ 12 1/8, -1/4, Bid 12 1/8 X Ask 12 1/2....Vol..4.1K There wasn't much trading today, and the last very small trade was a sell, so consequently we ended up at the Bid of 12 1/8. Yesterday's closing Bid and today's closing Bid did not change-still 12 1/8. Oil was down about 0.33 today and natural gas was down about 0.06--I didn't get the final numbers on today's oil and gas prices because of the transition from April to May futures. One thing that Paul Ferretti did say that was that "it should be pointed out CWEI's gas production contains a significant amount of liquids and consequently, we estimate that this constitutes about 20% of the reported natural gas price."

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