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: Michael July who wrote (598)	4/15/1997 12:18:00 AM
From: Buzz Mills	of 1017

Michael, If at least one of the two pinnacle reef wells to the north is a good well, we will have our good news and in my opinion, the 20, 50, and 200 DMAs will cease to be a problem. At that point I would expect CWEI to begin reacting to the possibilities rather than being chained to oil prices. Most of the oils have been getting hammered. I did see a post today that Martin Zweig was on one of the programs Friday night and encouraged investors to start moving back into oil stocks. I think most analysts feel that they are oversold and also it is beginning to look a little shaky in the Mideast--oil has begun moving up. Let's hope it continues. Buzz

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