HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices.1 X7 b. K' g# y7 m% M1 B' e3 w2 C
It is for short-term trading only. 5 e* @( ]: R3 ^* n% v" W 4 q" M& M& z" Y# o* mLong term oil bulls who want to buy and hold are better off buying quality E&Ps or the XEG, or NYSE:OIL, not HOU.