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: Gary K. Best who wrote (466)	3/8/1997 12:19:00 PM
From: Buzz Mills	of 1017

Gary, I looked in Stocksmart at the number of large block trades and it shows just one large block trade; a large block is considered any trade of 10K, or greater. The 50K sell was at a price of 13. The MM has been keeping the spread very wide recently--usually a half, but sometimes even 5/8. No insiders have sold any stock and nothing has changed with CWEI; the numbers in the earnings release will not change. Oil prices have been rebounding--probably because of the storm in the Northeast. At 12 7/8, CWEI is selling at 7.27 times earnings and 2.5 times Cash Flow. Buzz

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