Love the sky is falling and we are all going to die theories. No...

Love the sky is falling and we are all going to die theories. No serious investor believes that the shortage in storage is anything but a very short term issue caused by CVNs excessive oil production. This reasoning is not a negative on the current SP. However the day traders are having a very big negative impact on the stocks SP. In 2007 CVN has attracted far too many day traders into its 660m shareholders. These are the biggest thorn for any SP rise. Hopefully the inevitable and steady rise in the SP .....rather than the typical overnight sensation ..... will finally wear down these parasites, so they might look elsewhere for their speculative type stock.

They mention in this ann they will have full production lic and 20,000+bopd capability by early 2008. You don't have to be a brain surgeon to work out that this field will become the biggest in Thailand. With the real depth of the zones now being drilled, the reserve estimates will for several years be ever increasing. In recent years I cant think of any med oiler who has had such a successful strike rate without even scratching the surface of their 8000sq km JVs.