ProShares Ultra DJ-UBS Natural Gas (2x) (BOIL)

[jbsliverer]

From the latest Moody's weekly outlook 5/11/23 lowering the average ng price outlook. May change again up on this weeks outlook Thurs, Fri, not sure what they are pricing in on reduced production.

https://www.moodys.com/research/doc--PBC_1368048?
Energy

Moody’s Analytics has again materially reduced its natural
gas price forecast. Henry Hub natural gas prices are now
expected to average $3.34, down from the $3.85 average
we expected a month ago. The reopening of all three trains
at the Freeport liquefied natural gas terminal has failed to
arrest the decline in U.S. natural gas prices. Significant
arbitrage opportunities remain for U.S. firms to process
natural gas and export it to Europe. This will lower European
gas prices over time and raise gas prices in the U.S. But it
will take longer for firms to arbitrage than we previously
expected.