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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: Gary K. Best who wrote (630)4/21/1997 5:05:00 PM
From: Buzz Mills   of 1017
 
Gary,

Lajuanda Holder said people from CWEI bought in last week. I agree with you that it is strange to see a lack of buying interest. CWEI does not know of any bad news, and they are supposed to beat Zack's consensus estimate of 0.39. I don't know of any bad news that could come out other than the Rachui well isn't a producer. That alone shouldn't be driving the price down. From what I saw, most of the independent oils I follow were down--while oil was up 0.47 today--that too, is strange. Still CWEI was down heavily, more than most others.

Buzz
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