Long Ball, Seems to me if you feel this strongly....you should just sell and stop the agony. I have no interest in selling now. In fact,I've lowered my average price throughout this horror show. But why would we sell at this point? If management starts or even announces a deep drilling program at Tesoro the stock will probably jump 2 or 3 times! I agree that doesn't get me my money back, but it paves the way for new expectations of Tesoro finally proving it's a real gold mine.
Expectations are what makes a stock climb. I'm in for this ride but after reading your post I say "YES", you should bale out now. Grab a few pennies if you are so sure. I'm not!
"MARK MY WORDS" If the deep drills start at Tesoro I think you will have made the worst mistake of your investing career. JW