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: R L H odges who wrote (442)	3/2/1997 9:36:00 PM
From: Buzz Mills	of 1017

R L H Only what is seen in the SEC filings: sec.gov Curious to find out how this week will play out. CWEI is down more than the average oil stock and CWEI's fundamentals are outstanding--if it only approached the average PE (19) of the other independent oil stocks we would do extremely well--read where some oils were selling at 11 and 12 times their Cash Flow---CWEI at a price of 13 is selling at 2.53 times Cash Flow ($5.14) and at a PE of 7.3 ($1.77)---have a wait and see attitude on this one. If either Broughton, or Zackson, both just north of CWEI's property make any discoveries, CWEI should react very strongly. Zackson is drilling the Rachui, a pinnacle reef well, and Broughton is performing a 3-D survey (I'm trying to find out the status of Broughton's 3-D survey now). With the formal release of earnings scheduled for Thursday I am hoping we will see a positive reaction. Buzz Mills

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