We study extended Hubbard model on a triangular lattice near doping , which may be relevant for the recently discovered superconductor NaCoO$_2 \cdot y_2N$ fermionic species, we formulate a meanfield description in the limit of large . In meanfield, we find two possible phases: a renormalized Fermi liquid and a charge density wave state. The transition between the two phases is driven by increasing the nearest neighbor repulsion and is found to be first order for doping , but occurs close to the point of the local instability of the uniform liquid. We also study fluctuations about the uniform meanfield state in a systematic 1/N expansion, focusing on the residual interaction of quasiparticles and possible superconducting instabilities due to this interaction. Upon moving towards the CDW instability, the increasing charge fluctuations favor a particular -wave triplet state. (This state was recently discussed by Tanakaet al, cond-mat/0311266). We also report a direct Gutzwiller wavefunction study of the spin-1/2 model.

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