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 (620)	4/21/1997 12:34:00 AM
From: Buzz Mills	of 1017

Michael, No theory at this point--I just believe the trading is, and has been, very strange for some time. At this time I am not sure what is going on with this stock. After trading (consolidating) 120,000 shares on Thursday and Friday between 11 5/8 and 11 7/8, I thought we had possibly seen a bottom and was very surprised to see the stock price drop off in the last few trades of the day. The trading isn't making a lot of sense to me (the MM still has the Ask at 11 3/4). I have an Email into Lajuanda Holder asking questions on first quarter earnings, etc.. I think the upside is more limited by oil prices, but I do think we will see the stock price begin moving up on any good news that might come out of the two wells to the north and continue moving up on proposed and actual drilling. Hope Clayton Williams dream of pinnacle reef wells comes true, but in the meantime it would be nice to see the stock price at least stabilize--the Blue Chip oils did quite well on Friday with oil prices beginning to move up--hope it begins rubbing off on CWEI. Buzz

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