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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 (93)11/29/1996 5:56:00 PM
From: arthur eisner   of 1017
 
Buzz,
I heard a rumor today that the Iraqi oil embargo might end in 1-2 months.
Needless to say, if it is true, it will have a very, very noticeable effect on oil prices worldwide. I'm wondering if this profit-taking in CWEI is just profit-taking or the beginning of something much bigger.

---Don't get me wrong, I think that CWEI is extremely undervalued, just as you do, and they have a great future ahead of them. One now has to keep an eye on world politics as it relates to oil and natural gas prices instead of only supply and demand charts.
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