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 (382)	2/11/1997 11:58:00 PM
From: Patrick J. Saunders	of 1017

Buzz, I think hedging might have protected CWEI from some of the drastic bounces it has been experiencing and contributed towards "locking up" future earnings. Perhaps the CWEI folks thought the price for oil was still going to rise. CNBC geust said this morning that these low prices would not stay long...I did't catch the guests name & co (sorry). I am speculating right now about averaging down. I would hate to ride this thing if oil went to $17.50 again... Looking forward to the earnings announcement and the Pinnacle Reef drilling... Patrick PS: I searched the "web sites", pcquote.com etc.. and found that most of them appears to be accessing databases that are not reflecting the CWEI earnings either...I also looked in the American Association Individual Investor stock database and found the same thing...All the generally public databases have CWEI as N/A (not applicable) for earnings and P/E. This will be an interesting ride when the truth becomes wide spread. Most oil & drilling stocks trade at price multiples of 19 - 26!!!

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