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: Buzz Mills who wrote (653)	5/1/1997 3:39:00 PM
From: Buzz Mills	of 1017

CWEI lost a total of three days of production in the first quarter ---production for the first quarter 1997 was down (577 oil, 1215 gas) especially considering that three rigs were drilling versus two rigs in the fourth quarter 1996 (602 oil, 1401 gas). In response to my question on the number of shares Lajuanda replied "The weighted average share calculation also includes the dilutive affect of "common stock equivalent" (stock options - unexercised)." CWEI's EPS rating in the Investors Business Daily has improved considerably--was 42, and now with the release of the first quarter earnings, it is 72.

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