HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices.% }8 ]2 }9 h$ ^- P* A3 U: u% x
It is for short-term trading only.% E# c K3 A8 }5 h
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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.