HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices.& p- Q6 q7 ^3 t* p4 h; ~ y6 r
It is for short-term trading only.1 k! O9 Z, P8 e5 @* b& W5 X5 n
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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.