I would say its bullish to be able to increase the size of that offering and it would only be done because of heavy demand.  The weak share price today reflects the diversion of buyers from the market who will now be getting units of the placement instead.  I suppose some were selling shares to buy units as well.  Given how weak the markets were today, and the way the sector was capped, I think KXL held up fairly well.  The only downside to having the flow through increased is that we will probably eat a lot of that paper in about 4 months when it becomes free trading, so circle that date on your calendar if you are looking for a time to lighten up before it all hits the market.

cheers!

mike