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 (101)	12/3/1996 4:15:00 PM
From: Buzz Mills	of 1017

CWEI closed at 15 7/8, even, Bid 15 7/8 X Ask 16...Volume 51K The MM had the spread closed this AM at the open. CWEI opened Bid 15 3/4 X 15 7/8 (from yesterday's close of 15 5/8 X 15 7/8). Something worth mentioning: over the past two days I have seen at least six large buys; today there were two buys of 10K shares each at a price of 16. On the second 10K buy, there was a 7.5K sell, and that was followed immediately by the 10K buy. It is as if someone is waiting in the wings to buy as others sell. I saw the large buys yesterday at 15 5/8, 15 3/4, and 15 7/8. I believe, as Kendell mentioned, someone is accumulating this stock, in fairly large chunks. What I see is all very positive. Oil was up slightly today and it was good to see it hold the large gain it made yessterday.

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