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: RonN who wrote (831)	8/28/1997 11:38:00 AM
From: Buzz Mills	of 1017

Ron, This is the third time CWEI has run up to over 15 in the last few months--I believe that each time it does the probability of falling back becomes less and less. With the announcement of the seismic survey results/drilling rapidly approaching, I would consider that incentive for the stock price to remain at a fairly good level. On the downside, CWEI should have some fairly hefty exploration expenses going against this quarter's earnings. With oil prices remaining low, there may be an impact as the announcement of 3rd quarter earnings is approached as compared to last years earnings (+0.45)--the last time I looked the forecast was for 0.13 for this quarter. Can't tell how the market will react to that. Buzz

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