HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices. % _- }! \ j5 {% Q' `# ?% ]6 xIt is for short-term trading only. 0 a' j2 I) ^5 y5 {: H' I3 f9 M) `9 ~
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.