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2020 has been a rough year so far. This is true for every industry just about, but it's especially the case for companies in the oil and gas industry. Soaring inventory levels, accompanied by record-low pricing caused by fears over the economic impact of COVID-19, have resulted in a lot of pain for the companies operating here. Some firms are handling this well, changing guidance to reflect a lower-priced environment. But others, like Parsley Energy (PE), are dropping the ball. Though fundamentally solid for now, and likely to remain that way, management's recent