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What: Shares of Clayton Williams Energy (NYSE:CWEI) jumped 11% today after the oil and natural gas producer delivered its guidance for 2014.
So what: Management said 2014 production is expected to be between 16,433 and 17,367 barrels of oil equivalent per day, up from 14,399 in 2013. To achieve that growth, capital spending is expected to reach $378.8 million, primarily in the Delaware Basin.
Now what: The growth is a positive for Clayton, and after swinging to a profit in the third quarter the hope is that growth will bring more of the same in 2014. I haven't seen a sufficient record of profitable financials to jump in, but keep an eye on results for that progress. If management can exceed Wall Street's expectation the stock could continue the strong run.
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Travis Hoium has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.