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: ST Trader who wrote (238)	12/27/1996 2:40:00 PM
From: Buzz Mills	of 1017

Scott, Appreciate you posting the numbers--where did you obtain them?? It appears to be a very good resource for future reference. On P/E CWEI is selling at roughly 11X estimated 1996 earnings; your industry average of 27.16X is correct. CWEI's CFPS for 1996 is estimated at $4.89--think I have read where oils are selling at about 7.5X CFPS so CWEI is definitely selling well below that. We have to believe that when the numbers are finally posted for this quarter, that by then there will have been a fairly dramatic change in the price of CWEI stock--the fundamentals look very good. CWEI is having a good day--presently trading at 17 3/4, up 1/2, Bid 17 3/4 X Ask 17 7/8--new highs!! Buzz

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