Clayton Williams Energy, Inc.(CWEI)- NYSE
  • Nov. 12, 2015, 5:48 PM
    • Clayton Williams Energy (NYSE:CWEI) +8.4% AH following a Bloomberg report that Concho Resources (NYSE:CXO) is seeking to buy the company.
    • CWEI has drawn interest from other suitors, according to the report, after saying last month that it had retained Goldman Sachs to help it explore options including a sale.
    • CXO is viewed as a strong candidate to win a sale process for CWEI, given its relatively strong share price, which means it can outbid other suitors using its stock as currency, and it could save money by combining overlapping operations it has with CWEI in the Permian Basin.
    | Nov. 12, 2015, 5:48 PM
Company Description
Clayton Williams Energy, Inc. engages in the exploration and production of oil and natural gas. It operates through two segments: Oil & Gas Exploration and Production; and Contract Drilling Services. The company was founded by Clayton W. Williams in September 1991 and is headquartered in... More
Industry: Independent Oil & Gas
Country: United States