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 (49)	11/22/1996 9:05:00 AM
From: Kendell Phillips	of 1017

On natural gas, I choose the Natural Gas - Henry vs the WAHA. These two prices differ by about 10%, but they move together. July - 2.58 Aug - 2.06 Sept - 1.95 For an average of $2.20 MMbtu. The third quarter average for CWEI was 2.62 that is a 20% premium over the price of Natural Gas. So CWEI must have some premo Natural Gas. If the price of Natural gas is 3.90 as of 11/21 a 20% premium means CWEI is getting $4.68 for Natural Gas!!!!! Someone figure out what that is going to do with third quarter profits. $4.68 is 78% higher than the $2.62 average for the third quarter. Off the top of my head, CWEI made a little over $1.0mil from Natural gas last quarter.

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