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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 (123)12/6/1996 12:46:00 PM
From: Kendell Phillips   of 1017
 
I have been following the discussions on the earnings estimates. I belive R&R did there homework for the current quarter only. The FY97 estimates will allow for more good suprises from CWEI, which will escalate the stock price even higher. Everyone likes postive surprises. This quarter earnings will pump up CWEI's cash and put it in a better position for FY97. More earnings = less debt = greater profits in the future. If CWEI meets production rate of last quarter the price increase of oil alone will increase profits by 1.5 millon or 50%.
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