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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL
CWEI 131.900.0%Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (625)4/21/1997 3:04:00 PM
From: Buzz Mills   of 1017
 
To All,

CWEI will release earnings on 04/30 and they will beat Zack's consensus estimate of 0.39. Based on the trailing four quarters, CWEI's earnings will now be approximately $2.00 per share and with the stock price presently at 11, that will give CWEI a PE of 5.5.

Can't figure out what is driving the stock price down. Oil prices are moving up nicely today. All inputs are appreciated.

Buzz
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