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 (393)	2/13/1997 8:41:00 AM
From: Craig Gantner	of 1017

Buzz, I think this little episode will be very beneficial to the stock. Probably a good number of the shareholders from the $3-$5 days have now been shaken out and been replaced by $13-$16 dollar investors. I would venture to guess that CWEI also completed or is completing there stock buyback. At the current bargain rate, they should have picked up many more shares than they had anticipated. This is significant in that the float has probably been greatly reduced. The only downside I see is that probably a lot of brokers who recommended that there customers "sell" because of the earnings error may have ended up with egg on there faces for not investigating any further. They may be somewhat hesitant to recommend a "buy" until after the earnings release...

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