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 (544)	3/26/1997 11:04:00 PM
From: General Crude	of 1017

I am going to start watching this stock due to Pinnacle Reef play. Earning are not important with oil and gas exploration companies. Cash flow and reserves per share is what you should be looking for. Austin Chalk wells produce most of the oil the first year (probably about 90% of the wells' reserves); thus, the reason for the low PE. The Cotton Valley Reefs should be long life slow decline producers. Anyway, there will be big ups and downs with Clayton Williams, but they are aggressive in purchasing acreage(historically). Gotta have leases to to drill for the reserves. Good luck. Doug

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