HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices. 2 |4 p% ^" y5 _0 s' _( ?It is for short-term trading only.8 [0 n# n8 C% y6 \/ |( X8 l
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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.