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 (572)	4/9/1997 12:21:00 AM
From: Taylor Mill	of 1017

Buzz Thanks for the info. As a shareholder myself, I don't question the commitment of the officers or believe that insider selling is necessarily that "revealing". In this case though it is just confusing that they would sell at these prices compared to managers of peer companies who are buying. Something struck me about these transactions as odd when most insider transactions do not. By the way Wall Street Journal article was not on insider selling, but a feature article specifically noting buying of oil industry insiders. The source on selling was not WSJ but an industry newsletter "Herolds Oil Headliner" which shows each officer exercising 5000 each in options, but also that Riggs had open mkt sale of 7690 shares and retained 366. Latham had open market sale of 6683 and it shows no shares as retained. This was not just option disposals but some outright open mkt selling of shares. Although they may still have a lot of their options, they don't appear to have hesitated to sell out actual share holdings. Not a big deal here, but still very confusing to me that they sold at such low prices when the company on paper appears so undervalued compared to peers.

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