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: Kendell Phillips who wrote (253)	1/2/1997 1:36:00 AM
From: Buzz Mills	of 1017

Kendell, Thanks for sharing the article. I too believe oil is headed higher long-term. Investment and technology is rapidly moving so many countries ahead in their development, and with that development comes the need for oil. I expected oil to have already fallen off some but it doesn't seem to be headed down any time soon, and even when it does, I don't believe we are going to see the lows of previous years. I do think we will see continuing consolidation within the oil industry. Yes, the Energy sector is a good place to have our money invested and CWEI is an excellent choice within that sector. We will see production increases with the third rig now drilling, and I agree with you that the effect will be even more noticeable in the second quarter numbers. The support level for CWEI is continually moving up and to me that is impressive; as I mentioned in the post on Tuesday there are a lot of buyers at 17 1/4 and although CWEI is not going up as fast as we would like it to, it is slowly, but surely, steadily going up in price. Based on CWEI's outstanding fundamentals that upward trend should continue. Buzz

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