Hedging oil by going long refiners?

I am always looking for ways to hedge oil prices.  Typically I buy SCO, DUG, and/or ERY.  But I am I am intrigued with Calumet. It pays out $1.84/unit on an annualized basis, or approx. 8.7% dividend yield.

It tends to strengthen as USO stalls and falls.  My view is oil will not run up as I expect the metals and miners will.

I will make my first buy where indicated on the chart.