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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: Steve Wagner who wrote (649)4/30/1997 10:26:00 AM
From: Buzz Mills   of 1017
 
Steve,

Thanks for posting the release---go figure--CWEI fell short of estimates and the stock price runs up. Good news is the Cash Flow was up--trailing four quarters of Cash Flow is approximately $5.48 and trailing four quarters of earnings is $1.93. CWEI's production was down--however they lost a number of days of production due to weather--I have asked Lajuanda how many days were lost--there were three days lost through Feb. 25. The price per barrel and the price for gas pleasantly surprised me on the high side.

Buzz
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