Go down to post #3 for pics of valve, piston, etc.
We have this 1970 CL350K2 which has about 4,500 miles on it. We recently got it running after rebuilding carbs and messing around with points and coils, etc for a bit. After all that the bike was running great. I took it for a few rides around the city before handing it over to my gf. She did some city rides as well. At this point we had put probably 60 miles on it. The only thing I had noticed at this point was the valves were a little loud, but I planned to do an adjustment soon after some more miles. Also there was a bit of oil leaking from the oval shaped gasket behind the tach drive area.
This weekend she rode the bike about 40 miles on freeway (60-70mph) to my parents house. Everything seemed fine. Then the next day it was time to go back. As we pulled into the city at the end of the trip she said she lost power. The fuel level had got down to reserve, and she flipped it on but it didn't help. She rode the bike home the last mile with it running on one cylinder.
So last night I got into the bike looking for the solution. Eventually I see that the exhaust valve on #2 is stuck wide open. If I kick it over I can see the intake valve move and the exhaust just stays right there. I don't think the valve hit the piston because the bike still kicks over smoothly and will run on the left cylinder. As for the cause I am not sure what it could be. I want to rule out fuel starvation > lean condition because the EXACT thing has happened to me on my CL350 (run out of gas at highway speeds and hit the reserve a little late. Now I have to pull over and pump on the fuel lines to get it going again) SO many times. And my bike is still fine. Maybe oil starvation.. but only for one valve? Or do the exhaust valves just get hotter and therefore it went first?
Anyways I'm trying to figure out what I can do now to see if it's just stuck or if it's bent... if it isn't bent I want to know if it's possible to free it up and be done with it.