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 (592)	4/14/1997 6:03:00 PM
From: Buzz Mills	of 1017

CWEI closed @ 11 3/4, unchanged, Bid 11 3/4 x Ask 12 1/4...Vol..27.7K I didn't get to watch the trading today, but the Bid and Ask didn't change so it must have been a relatively even split betwwen Buys and Sells. I did see the first 7900 shares traded, 3700 buys, 4200 sells. Due to low oil prices most oils companies are reacting just like CWEI. The 200 DMA is flattening out--the 20, 50, and 200 DMA can be checked at: investools.com Some analysts are beginning to recommend that investors begin buying oil stocks again. If any good news comes out regarding the pinnacle reef wells 9 miles north of CWEI property we won't be as dependent on oil prices being the driver on the stock price. Oil was up today--nice to see it get away from the $19 level. Oil $19.90, +0.37, (CWEI received $18.78 in Q1 1996) Natural Gas, $1.95, +0.02 (CWEI received $2.29 in Q1 1996) CWEI receives a premium for the liquids in its natural gas, on top of the stated priced.

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