HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices.% G8 {+ W7 g0 h7 P; Z }( o
It is for short-term trading only. - P, d) Q5 Y/ S6 C. a& {8 D R* S0 Q$ Q% D. Z8 K4 I4 k
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.