HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices.3 D, b% F1 o8 y; r0 M
It is for short-term trading only.5 b! b* t0 h3 {( \+ C; K$ D9 [
1 g% y; x7 n, L! E m. Q+ x
Long term oil bulls who want to buy and hold are better off buying quality E&Ps or the XEG, or NYSE:OIL, not HOU.