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 (291)	1/13/1997 4:11:00 PM
From: Buzz Mills	of 1017

CWEI closed @ 18 5/8, -7/8, Bid 18 5/8 X Ask 18 3/4, Vol..81.6K It was not a good day for CWEI. After the MM had moved the Bid and Ask up prior to the opening, CWEI began trading shortly thereafter, and then hit a wave of selling at about 3:00PM EST, trading down as low as 1/4, before recovering a portion of the loss to close at 18 5/8. Oil was down to $25.20 today. If anyone has any indication, or information, as to what may have triggered the drop in CWEI please post. Barring any negative news CWEI should continue an upward trend. There were strong buys coming in at the end of the day. February Futures Prices Oil $25.20, down 0.89 (CWEI received $21.19 in Q3) Gas $3.25, down 0.06 (CWEI received $2.62 in Q3)

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