HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices. ! u+ W6 j0 _$ Q! U3 yIt is for short-term trading only. % @* l. z3 W- [: I" U9 ^& t, Q% R X4 ?' I& s6 Y% s
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.