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 (315)	1/22/1997 10:28:00 AM
From: Steve Wagner	of 1017

Received From Zacks today: CWEI: PAINE WEBBER decreased estimate for fiscal year ending 12/96 from $1.70 to $1.30 on 01/17/97 CWEI: PAINE WEBBER increased estimate for fiscal year ending 12/97 from $1.29 to $1.74 on 01/17/97 ************************* WOW! Also, regarding the $2M buyback of stock: As a shareholder, this doesn't make me happy as it is a poor use of cash. They just received $13/share for these and now they're going to buy them back at $18-$19. I would rather see them use the money for: drilling, surveys, R&D, paying off debt, etc. Steve

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