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Gold/Mining/Energy : Clayton Williams Energy (CWEI) OIL
CWEI 131.900.0%Apr 25 5:00 PM EST
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To: Buzz Mills who wrote (335)1/30/1997 1:13:00 AM
From: Buzz Mills   of 1017
 
Zacks Update

As mentioned the Paine Webber numbers from CWEI were from the model--here is the actual Paine Webber estimate---received from Zacks this evening:

>>>>> ESTIMATE REVISIONS:

CWEI: PAINE WEBBER decreased estimate for fiscal year ending
12/97 from $1.74 to $1.25 on 01/27/97
CWEI: PAINE WEBBER increased estimate for fiscal year ending
12/96 from $1.30 to $1.78 on 01/27/97
CWEI: PAINE WEBBER increased estimate for quarter ending 12/96
from $0.50 to $0.64 on 01/27/97 <<<<<<<

so it appears that Paine Webber shaved 0.05 from the model for both the fourth quarter and for the year, but $1.78 still looks much better than the $1.30, and 0.64 is better than 0.50. Zacks has now corrected the numbers--I am wondering if the market will react, or has already reacted. Here is the original post regarding the Paine Webber estimate:

techstocks.com

Again I add that CWEI's management was comfortable with the 0.69 earnings estimate--I feel very confident they will beat that number.
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