actually the glass is half full, page-20

The gusher is still gushing. As John says there were no deposit issues in the last ann. Drilling of production wells in the main lease will be over the new few months.

Maybe some punters today are spooked by new tiresome comparisons between POO and the Dot.com / realestate bubbles where Soros says the bubble will burst ( on Bloomberg) He was saying the same at US$100. (I rather go with Boone Pickens comments who changed his mind and is bullish)

http://www.bloomberg.com/apps/news?pid=20601109&sid=au.c3bEf58NI&refer=home

But then again the Gazprom chief predicts US$250 bbl.

The economic consequences are too much for some to contemplate on this, so the conservative tendency is a predispostion to predict a fall. But supply and demand on the downside of the oil supply curve will be different from the upside where higher price automatically bought more oil on line.

Either way the SP for CVN does warrant a moderated post.

Maybe Mikayla can oblige on this, once more with feeling?