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: todd updike who wrote (756)	7/11/1997 5:08:00 PM
From: RonN	of 1017

Hopefully we'll see some support here at 10 and open up on Monday. I heard from Lujuanda Holder, and though she didn't have an explination as to the drop, she said it could be "guilt by association" with the hard times some other driller (Chesapeake Energy; known as Chalk Co.) is having. But, more likely is that, "...CWEI being highly leveraged to oil prices saw a greater impact from the Wall Street Journal article (which stated that inventories were up) than our peers." Looking at it strictly from the small holding I have, it's the old in for a penny, in for a pound theory: I'm averaging down at the next chance my pocketbook allows. --RonN

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