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: Kendell Phillips who wrote (7)	11/4/1996 4:35:00 PM
From: Buzz Mills	of 1017

I too, follow, and am accumulating CWEI. I agree with everything you have to say Kendell--the Road Show for the Secondary Offering is going on now and the offering will commence on Nov. 14 according to Hanifen, Imhoff-underwriters. I projected 4th quarter earnings of 0.56 on an average price per barrel of oil of $23. Earnings for the last four quarters, going backwards were: 0.45, 0.32, 0.19, (-$1.78) = (-0.82) with 0.56 this quarter 0.56, 0.45, 0.32, 0.19 = $1.52 which at today's stock price (13 1/2) produces a P/E of less than 9 If you want numbers and information that I have summarized, send me an Email. I see this stock breaking out just after the conclusion of the Secondary--late November.

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