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Message: Re: Underperformance of KXL

wmn
Aug 13, 2009 04:54PM

I feel unhappy/sad about where we are too in terms of stock price, and what I wish I'd put my $$ in. From the market lows Dec/Feb, Citigroup 4-tupled and Starbucks doubled. All the gold producers more than came back and plenty of the explorers got a flush on their cheeks again.

There was a spectacular ramp-up in KXL in 2007 that essentially suggested too much - and we got severely ahead of ourselves. It sure caught me out - it really cost me dearly. But I figured I have a lot more upside than downside on this one, so I'm giving it plenty of time ...

I do trust the KXL people, in a way I distinctly didn't trust some of the comparable area plays. However, the facts on the ground are those on the ground. mzsmith put it well - the primary investors in KXL, e.g. the Richardsons, Phelps et al, probably gave the team a pretty sober talking-to, as those large investors are not in the habit of losing money. As a result, I figure we're on the right path now.

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