HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices. % u. f5 E9 ?- J9 ]( n) U; B4 `- ^It is for short-term trading only. 5 j1 l, d9 h; S/ s7 z0 D, Z6 _7 M2 U% e
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.