Clayton Williams Energy (CWEI) OIL Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL

CWEI 131.90

0.0%

Apr 25 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Patrick J. Saunders who wrote (865)	9/19/1997 8:51:00 PM
From: Buzz Mills	of 1017

Patrick, I needed to make a correction to what I wrote in the previous post--in regard to an 80 Mcf well it could essentially double the size of the bottom line for the company. what I should have said was "it could come close to doubling the size of the company." In respect to the PE ratio. Trailing earnings are $1.75, so the PE at the current price of $17/share is less than 10. However if you take this quarter's earnings into consideration, then we would be looking at $1.75 minus this quarter last year (0.45) plus the earnings this quarter, which, I think because of increased exploration expenses and a lower price per barrel for oil, probably won't be good; I am guessing 0.11, which would then make the trailing earnings $1.41 and the PE at a price of $17 would be 12. This week's market is ignoring this and looking ahead to the 4th quarter of this year, and the 1st and 2nd quarter of 1998, where there is a chance of having big earnings; the future possibilities determine the price of an oil stock. Buzz

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next