HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices. $ Y; q* h/ r! v/ @8 t0 jIt is for short-term trading only. : T0 ~ F/ N( M2 W: h2 v1 E* L ?/ C* ?8 c
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.