SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL
CWEI 131.900.0%Apr 25 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ridemhigher who wrote (182)12/20/1996 9:47:00 PM
From: Buzz Mills   of 1017
 
John,

I received the following from Lajuanda Holder, Director of Investor Relations at CWEI, regarding the Paine Webber estimate of $1.70 for the year:

>>> I should have realized immediately why the PaineWebber numbers didn't add up to the CWEI actual number of $0.96 per share for nine months plus their 4th quarter estimates! PaineWebber backed out the non-cash charge from 2nd quarter ($1.2 million). All the analysts have backed that out. It was an impairment of property and equipment under the FAS No. 121. An explanation appears on page 9 of the June 30, 1996 Form 10Q filed by CWEI on August 8th.<<<<<

That $1.2 million would have amounted to about 0.17/share so if we take and subtract that from $1.70, that leaves $1.53 which is in line with the estimate of 0.56 + 0.96 = $1.52.

Look for CWEI to again have a big upside surprise--on a regular basis they have always beaten every estimate, including Hanifen's which has been the closest, by at least 25%. With the surge in oil prices this month, that just about puts the icing on the cake. BTW, Hanifen's estimate for the last quarter was 0.36; CWEI came in at 0.45--the street had a consensus of 0.29 if I remember correctly.

Buzz Mills
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News