panic stations, page-9

oil goes up, cvn goes down.
oil goes down, cvn goes down.

oil price will imho get to 100/bbl and hover there, as opec will reduce production to keep pace with consumption, if it drops.

I am beginning to wonder what is going on with cvn holders, as it is agressively sold off at every opportunity, any excuse.
Personally I can't see the reasons why, I may be blind but I just can't see it. cvn is down about 40% from highs, market is down about 28% from highs, we have been hit especially hard, why?

Profit margins are good, costs are low, reserves are increasing with exploration & many good tenements yet to be fully explored.

blaming the drop in oil for todays whack is bull%hit, nothing to it, cvn's sp is totally disconnected with poo.

musing's on a capitulation day in the market. Some bloody good bargains at the moment.

cheers

steve