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 Faykes who wrote (122)	12/6/1996 9:23:00 AM
From: Buzz Mills	of 1017

Gary, Regarding the CEO position; CWEI's CEO is doing an outstanding job, plus I am already doing exactly what I have always wanted to do. I have confidence in CWEI. This morning's IBD says "Energy Prices Fly Higher" a new contract high for January Crude, $25.28/barrel. A strike at French refineries, other supply snags, and bad weather closing Mexican ports are the reasons for the price escalation. The Spot Price of crude oil is $25.58/barrel. These high oil and gas prices will definitely help earnings. Tomorrow's IBD will finally have the first change to CWEI's annual earnings estimate. That, and news of the Rodman, Renshaw earnings estimate, should start CWEI moving. Hanifen, Imhoff should have their new earnings estimates out soon, maybe this next week. I am anxious to see how they compare with R&R. Hanifen's old estimates were 0.42 for the quarter and 1.38 for the year---in the past their estimate have been the most reliable. In the third quarter they had estimated 0.36 vs. the 0.45 actual--whereas R&R had estimated 0.24.

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