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 (310)	1/21/1997 4:57:00 PM
From: Buzz Mills	of 1017

CWEI closed @ 18, -5/8, Bid 17 3/4 X Ask 18...Vol 119.6K What a roller coaster ride. It was good to see CWEI come back up to 18 after hitting a low of 17 today. There were some good size buys when CWEI started coming back. The only negative news I am aware of is Paine Webber reducing their fourth quarter estimate from 0.56 to 0.50. I hope we have weathered that storm. I just heard from Lajuanda Holder @ CWEI, she believes it is a negative reaction by the street in regard to yesterday's news release of the planned stock repurchase. Oil and Gas were down measurably today, although the drop was mostly at the end of the day, so I don't think they bear any responsibility for CWEI's activity today. Feb Oil $24.57, down 0.66 (CWEI received $21.19 in Q3) Feb Gas $2.89, down 0.18 (CWEI received $2.62 in Q3) Take a look at the chart using 10, 20, and 25 day moving averages and see what you think: investools.com

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