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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 5:38:00 PM
From: Buzz Mills   of 1017
 
Gary and All,

I spoke with a broker at Rodman, Renshaw and he felt this whole scenario was due to a lack of any news after the stock lost all momentum. He feels the momentum players are the ones jumping out of the stock. I mentioned that CWEI would report better than the 0.39 estimate and he said he would call Paul Ferretti (who has a 0.27 estimate) and report this to him. He says this happens with momentum stocks like CWEI, but that it is usually a temporary thing, before sanity returns--CWEI is selling at 2 x Cash Flow. He felt the reporting of the better than the estimate would be very positive for CWEI and the stock price would react to the announcement.

Buzz
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