RE:I wouldn’t bet against this company Let’s see it that way.
Oil curtailment will keep differentials below 15$.
Cash flow will be approximately 150-160M$ at 60$ WTI 17.5M$ diif which is equivalent to 55$WTI and 12.5$ Diff.
If they pay the debt which is most likely after Feb 2020 to avoid paying 2% extra fee. Then they will increase their cash flow by 30M$ (10% interest).
So beyond February 2020, you will have 180M$ Cash flow - 80M$ Free Cash flow.
Net debt approximately 240M$
so it should be trading at 6.5 times cash flow which is 1.1B$
this company is worth 2$ per share at 55$ WTI.
Oil curtailmet save them!!