HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices.- q. S% Z1 ~# |. w% M$ i
It is for short-term trading only. 7 {% `4 V' F# v3 Q+ p8 ?6 _4 C( F5 `$ J3 O
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.