HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices.# Y& v4 d/ L) A. x( B& F
It is for short-term trading only. . |8 A* `5 z: ^% |9 C, Q) v# L + C; u. G: Z# i( U N* B' oLong term oil bulls who want to buy and hold are better off buying quality E&Ps or the XEG, or NYSE:OIL, not HOU.