Goodrich Petroleum (GDP) looks capable of generating positive cash flow in 2020 still, despite Henry Hub strip prices dropping below $2.00. It is fairly well hedged for 2020, but will need improved prices by 2021 due to its relative lack of hedges then.
Goodrich's shares look reasonably cheap based on EV/EBITDA multiples using long-term natural gas prices of around $2.40 to $2.50 Henry Hub. However, it does have some potential issues with limited room under its credit facility and an upcoming (albeit small) second-lien note maturity that may result in it needing to