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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: todd updike who wrote (750)7/9/1997 4:42:00 PM
From: Mel Spivak   of 1017
 
My uddy who follows CWEI a lot closer than me called their IR today. CEO gets paid in stock. Other insiders recently bought around 12 1/2.
Earning expected to be about the same as last year when they were fantastic. Wait for it to break above 11 for a nice ride up. CWEI has not yet "shot their wad" on their stock buy-back program announced in 1/97. Mel
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