Wunderlich Initiates Coverage on Clayton Williams Energy (CWEI) with a Buy.
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Wunderlich initiates coverage on Clayton Williams Energy (Nasdaq: CWEI) with a Buy. Price target $35.
Wunderlich analyst says, "We believe Williams provides investors with a solid opportunity for cash flow appreciation through its combination of exploration prospects and oil-focused developmental drilling. We believe Williams has an advantage over competitors in its core areas as it has locked in its service costs for the next two years. The inventory of 1,700+ Permian locations provides ample drilling to grow production while the exploratory portfolio provides high-impact reserve and production upside potential."
To see more analyst ratings on CWEI Click Here.
Clayton Williams Energy, Inc., an independent oil and gas company, engages in the exploration for and production of oil and natural gas properties primarily in Texas, Louisiana, and New Mexico.
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