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: Gary K. Best who wrote (96)	12/2/1996 6:48:00 PM
From: Buzz Mills	of 1017

CWEI closed at 15 7/8, -1/4, Bid 15 5/8 X Ask 15 7/8..Volume 104.5K After trading down as low as 15 1/4 in the morning on a light volume of 33K, CWEI came back to only close down 1/4, to 15 7/8. The size of the buys at 15 5/8, 15 3/4 were impressive; I saw buys of 10K, 5K, 10K, 13K which indicates there is good institutional support at that price. On a positive note the price of January Crude Oil was up $1.05 to $24.80/barrel. CWEI did a fair volume today; the price it is at now should provide a good base to work back up from. New fourth quarter earnings estimates should be out very soon, possibly this week.

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