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 (252)	1/1/1997 11:47:00 PM
From: Kendell Phillips	of 1017

Buzz, I just read a newsletter(Personal Finance) my wife received from some mass mailout. Says Oil is going to $50/bbl. Inflation is about to skyrocket, DJ will plummet in 97 etc.. It was probably mailed to half of America and the bottom line was invest in Oil stocks especially small caps. Guarantees you to make money. Mentions a couple of Mutual funds I can't remember the name of. Anyway it is just another hype, but it is the third newsletter I have read in the past 2 months by somewhat respectable people that says Oil is headed to $50/bbl and up. The author is trying to sell his follow on book from 1986 which predicted the DOW to go to 4500 by 95. The DJI was at 1500 when his last book came out in 86. Please don't take any of this hype as fact, just observations I am making on the mass media. It made me feel good to be in CWEI anyway.

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