HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices. 3 E) p9 G( V( ~& ~3 AIt is for short-term trading only. # J* i: J. _ h! K5 Y8 n; B6 K* H% }$ A; Z8 `) U' t- ]& _
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.