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GDP - Goodrich Petroleum May Reach A Net Cash Position In 2022
Goodrich Petroleum Corporation
Goodrich may be able to generate close to $100 million in positive cash flow in 2022, while growing production by 40%.
This would leave it with a slight net cash position at the end of 2022.
The strong prospects for near-term cash flow plus boosted production levels should enhance Goodrich's value even if longer-term (after 2022) prices drop back to around $3.