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 (46)	11/21/1996 5:28:00 PM
From: Buzz Mills	of 1017

CWEI closed at 15, -1/4, on 59.5K CWEI was due for a pullback today. Natural Gas, unbelieveable; closed at $3.90 today vs. the $2.62 CWEI received in the third quarter. I was thinking, wouldn't it be nice if CWEI produced more gas; sales of gas last quarter were only 23% of revenues; then I happened to think that if gas keeps going up in price at this rate, it will amount to 50% of revenues. Oil had a good day and regained a most of what it gave up yesterday; it is still monumentally (14%) higher than the $21.19 received in the third quarter. Watched the trading today and there was a string of good strong buys (500-1500 shares) at 15 towards the close. Lowest trade for the day; a single sell at 14 3/4 about 5 minutes before the close; everything else was above that. Highest was 15 3/8.

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