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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: Billiam57 who wrote (138)12/11/1996 12:28:00 AM
From: Buzz Mills   of 1017
 
Bill,

Thanks for your help, it sounds as if First Call has a mix of old and new estimates--the 0.29 and the 1.15 are old estimates that haven't been updated. If you can, try and figure out what all of the estimates are and then if you are able to come up with the brokerage that supplied them, we can put that info into the table. I remember Lajuanda Holder (CWEI) said that Paine Webber submitted their estimate to First Call--0.56 and 1.70 for the year, CFPS was 4.86 so that should be in First Call now. The number for 97 sounds wrong though. Also if we can figure out which brokers haven't given their new estimates to First Call I'll ask Lajuanda to call them and make sure they get them in. The sooner Zacks and First Call have all of the new estimates, the better this stock is going to do.

Thanks again--the 0.58 must be from R&R --they were 1.13 for 1997 which was down from their previous 1.25 which would account for the downward revision on the year. R&R is using $19.75 for the price of oil in their 97 estimates--that is why the estimate is so low.

Thanks again,
Buzz
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