1) Probably the best I know of re: weathering the storm. They are profitable drilling at $50 oil based on investor presentations. No net debt. Cash in bank. Hedged for 80% of production from current (as of a few months ago) wells. From what I understand they don't have arduous HBP obligations either but not 100% sure on that.
2)Its the best choice amongst a range of bad choices. I have a dim view of the macro side and feel happier on the side lines. I think the low prices will stay for several months and the markets will generally take a dim view of decline production and revenues if drilling pace is reduced. Even though IMHO this is the best choice to make.
3) Hedged for 2 years for 80% of production from current (as of a few months ago) wells.
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