Absolutely, i agree, oil seems to be fun to watch and make money off of, i got burned in oil in both last crashes, but this time faring well. I got rid of my UCO today once and finally for all as i learned the depth of the math involved in leveraged etf, i too take it as a trade, but a trade for me can last a month or two easily in which such etf do NOT do me good, so i am back in the direct futures exposure,,, contango there, but the moves right now can offset it,, i hold on half my position and the other half i get in and out 2 dollars there 2 here,, its like a day/short term trade inside a long term trade cuz i have no knack for day trading what so ever, so i just buy the small pull backs and sell on a small move, but only half,,, XLE though i would in a heartbeat load up a chunk if i was not in the futures of crude oil itself which is very correlated with it,,,, i thinking owning CVX and XOM at these prices you cant go too wrong for too long
