HOU is very much NOT a long term investment because of the Double Leveraging and because of the volatility of CL prices.2 L- T. U$ z& G/ s+ G5 p2 e7 |+ m
It is for short-term trading only.5 |" s, B8 {2 ]3 y
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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.