Wunderlich analyst Irene Haas believes Clayton Williams (CWEI) could be worth up to $113 per share in an acquisition. The stock is up $4.72 to $65.50 after the company last night announced that it engaged Goldman Sachs to explore strategic alternatives. The Permian is still getting premium valuations, Hass tells investors in a research note where she put her previous $41 price target under review. Regarding potential buyers of Clayton, the analyst points out that its neighbors in the Delaware Basin include Concho Resources (CXO), Occidental Petroleum (OXY), Energen (EGN) and Noble Energy (NBL). Clayton's neighbors in the Eagle Ford include Apache (APA) and Anadarko (APC), Hass adds. She believes a potential bidder could bring more efficient operations and an acceleration of Clayton's development program.