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 (441)	3/3/1997 7:54:00 PM
From: Buzz Mills	of 1017

CWEI closed @ 13 3/8, +3/8, Bid 13 X Ask 13 1/2....Vol..32.5K Buying came in at the end of the day and CWEI closed up on light volume. Earnings are due out on Thursday. At 13 3/8 CWEI is selling at 7.5 times 1996 earnings ($1.77) and 2.6 times 1996 Cash Flow ($5.14). Gary, BELW, thanks for the heads up. I read the available news--it has had a nice run but I personally would worry about buying it now--may be at the top, especially with oil/gas prices falling off. Oil $20.25, down 0.05 (CWEI received $18.78 in Q1 1996) Natural Gas, $1.80, down 0.02 (CWEI received $2.29 in Q1 1996) CWEI receives a premium for the liquids in its natural gas, on top of the stated priced.

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