HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices. 1 `9 F- ?4 r/ z( p" l+ F# ]1 B& ~It is for short-term trading only. ! L7 a! S+ s/ w$ `% E! {6 C$ [' o; w3 V
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.