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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL
CWEI 131.900.0%Apr 25 5:00 PM EST

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To: Buzz Mills who wrote (16)11/8/1996 4:12:00 PM
From: Kendell Phillips   of 1017
 
Buzz,

The P/E estimate for the industry is actually closer to 30 now. I got that from stocksmart. CWEI has traded at a 14 P/E for the past three years if any quarter positive eps were projected for 4 quarter in a row and then average all positive quarters since the IPO. Anyway you figure it, CWEI has to be in for a big boost in the next few months. Also, with the 4th Q 96 being positive the PE in the WallStreet Journal and IBD can now be quoted. It should attract some stock screeners on low P/E. The road show is in New York Today. I hope Clayton gets some attention from Wall St. As far as first call estimates are concerned, the estimates for the fourth quarter will be increased by early december(from Lajaunda). It is illegal to hype a stock before an offering. I think some upgrades and reccomendations will be forthcoming in the next 6 weeks.
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