Mr. Barak,

Well said!

Picking explorers is a form of gambling. I have 2 in my portfolio - both are down. Perhaps I should hedge my bets and pick 20. Maybe one will be a winner!

The other way for me to hedge is pick strong companies to offset other losses. For each explorer, I have some Encana and some Enbridge.

Even with a basket of great blue-chip companies, I'm down Big-Time since July 2008. Not gonna worry though.

I'll give CYP the time to drill more holes and see what they have.

KG