holding well , page-8

I can't see how anyone except buyers can be happy with the performance of CVN today.

Comparing CVN & POE we see that POE rose about 35% in the 2 days since the NS8-D1 anouncement & this includes Friday when the DOW fell 2.6%.

CVN has only risen about 15% in the equivalent 2 days so it seems to me that CVN has massivley underperformed since the NS8-D1 annoucement.

This means a buying opporunity as the OZ investors have shown a lack of resoluteness compared to Canadians resulting in CVN being 20% below the equivalent POE result. Also results of NS2-D1 will be available anyday now and if this flows anything like 1,500 bopd who knows how high CVN will go.