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: Buzz Mills who wrote (173)	12/15/1996 10:32:00 PM
From: Kendell Phillips	of 1017

Buzz, the only thing you left out on the previous post is CWEI will have 3 rigs drilling for wells in Austin Chalks. This is a 50% increase in drillig rigs. Hopefully this alone can increase oil production for CWEI. The downside potential of the stock is so small compared to the upside. Even if oil comes down to 19.75 you still have a present P/E of 12 based upon next year's estimate.

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