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 (958)	2/25/1998 2:11:00 AM
From: Heretic	Read Replies (1) of 1017

Pressure Rising In The Oil Patch By Roger Hahn - February 25, 1998 buyside.com "(Greg McMichael of Hanifen, Imhoff) recommends another player in natural gas exploration, Clayton Williams Energy. It has operating exposure to the Cotton Valley reef development in East Texas, the Austin Chalk formation, and an increasing focus on the Gulf Coast, where it has onshore projects in Mississippi, Louisiana and south Texas. Although the company's Cotton Valley project has met with delays, industry success rates in the area have increased. McMichael feels the stock has been undervalued as much as 50% relative to its peers. He calls for EPS of $1.10 in 1997 and $1.20 in 1998, with a 12-month rise in stock value to $24."

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