Minimal free cash flow
Notice: "The company's relatively active, $100-million 2019 capital program"
At 14,000 boe/d and $22 netbacks, that's only $112 million over the course of a year.
Then you have declines and the need to shovel back another $100 million to keep production going, and you're barely paying the interest on the debt, not to mention G&A.
So like that other idiocy, PPR, this company seems to exist just for the banks and employees. I don't see how shareholders are going to benefit unless WTI makes a surprise run to $90.