Quick Win by the Algorithm: Clayton Williams Energy, Inc (CWEI)

Quick Win by the Algorithm

Clayton Williams Energy, Inc.

On May 13th, 2016, The I Know First algorithm gave a bullish signal of 12.51 for the ticker CWEI, which had a predictability indicator of 0.12 In accordance with the algorithm’s prediction, CWEI spiked 24.66% in the following three days.
quick win

Clayton Williams Energy, Inc. and its subsidiaries explore for and produce oil and natural gas. The Company’s activities are primarily located in Texas, Louisiana, and other southern states.

The recent rise in commodity prices has certainly been helpful to Clayton and the energy industry as a whole. However, given the gravity of the price depression, they are still operating in a very challenging environment. Despite its high volatility, CWEI is still a stock to watch. 

It is true that, with the crash in oil price, Clayton Williams Energy was seeing its drilling locations disappear with each dollar the price of crude dropped.  Clayton Williams even rumored to be looking for a buyer for the entire company, since the situation was getting worst. However, with its change of Board of Director in early March this year,  better-than-expected financial results and the recent rise in commodity prices, the stock has recently jumped.

However, with its change of Board of Director in early March this year,  better-than-expected financial results released May 5th, and the recent rise in commodity prices, the stock has recently shown strong signs of recovery.

It seems to be a more positive period for oil since the 13-year lows reached in February. And despite a deal to reduce production among major oil states being scuppered last month, the latest rally is being driven by supply outages that some say have at least temporarily reversed the entrenched oversupply, profiting companies such as CWEI.

To learn more about CWEI, Click HERE