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: Buzz Mills who wrote (36)	11/19/1996 7:56:00 PM
From: Buzz Mills	of 1017

Possibly More Good News In Our Future!! One other thing I noticed today, in addition to the nice increase in the stock price of Clayton Williams, was that Abacan was also up; up an even higher percentage increase than CWEI. The only news on Abacan was that it had closed its Secondary Offering of 14M shares and that the UNDERWRITERS HAD EXERCISED THEIR OPTION for an additional 1.875M shares. ABACF opened at 8 1/4 and closed at 9 1/8. It appears the market responds in a very positive manner when a stock offering is oversubscribed to, and the underwriters pick up their option for additional stock. Based on everything I have been led to believe, that should be the case for CWEI and may it be so for us; that whenever that same announcement is made for Clayton Williams CWEI, the UNDERWRITERS HAD EXERCISED THEIR OPTION for an additional 187.5K shares, we see the market react in that same positive manner.

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