HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices.8 V7 q: S& a/ z3 [2 l
It is for short-term trading only.# x9 D5 } t, v0 Q/ y2 a. l; B
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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.