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 (671)	5/14/1997 12:33:00 PM
From: Buzz Mills	of 1017

Our questions are being answered: CWEI is moving up in price while oil prices are sliding a little. There is apparently news that we are not yet aware of--something, other than the price of oil, is triggering buying. Possibilities include: 1. Good success with the first well in the Georgetown formation. 2. Marathon/Broughton-Zackson success to the north. 3. Positive indications coming from the 3-D seismic survey. 4. Developments in CWEI's Burleson County property. CWEI has their annual meeting this next week. The 200dma is at 13 1/8; if CWEI can break that price it would be a very positive sign. investools.com

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