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 (462)	3/10/1997 4:39:00 PM
From: Buzz Mills	of 1017

CWEI closed @ 12 3/4, -1/8, Bid 12 5/8 X Ask 13....Vol 155.3K Very heavy volume today--although the last trade was at 12 3/4, both the Bid and Ask are up from Friday's 12 3/8 X 12 7/8. I don't know what to make of today other than to say there was a lot of consolidation going on. To keep things positive I am glad the stock didn't break down anymore today, like it did Friday. Scott, thanks for the positive long term outlook from TC2000. This will be a tough week--hoping the stock can at least hold this level until the earnings come out early next week. Oil prices fell a considerable amount today--however, there is only a few cents difference between April's futures and August's futures price which says the market doesn't believe oil is going much lower in the future. Oil $20.49, down 0.79 (CWEI received $18.78 in Q1 1996) Natural Gas, $1.94, down 0.01 (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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