Yes, Jellomoldbrain, the commencement of analyst coverage (National Bank) generally increases the ratio of stock price to inherent value. Coverage is fundamentally good. When other companies lose their coverage, the SP generally drops, and gaining an analyst is all good for SP.

That it's National Bank confirms what I noted earlier. 4 months ago I learned that National Bank has "unoficially" been KXL's market maker, so the relationship is a natural one. They were a major part of the PP.

As Coach has correctly suggested 6 months ago, it is easy to get ahead of ourselves on what we think KXL is worth. That said, I'm sure the analyst Brian Christie at National would like his 1 year price estimate to be well overshot. He probably put together a projection in his report of enough of a price jump to make the speculation worthwhile to his client and those who follow him, but left lots of topside.

Better to underestimate and be called a bit modest but brilliant than overestimate even by a few percent and be called a fool.

I'm sure KXL didn't want to blindside their analyst, so until his report came out, that was another reason to hold back the NR.

We are set up very well.