Jagged Peak Energy (JAG) is in a fairly good position with its modest amount of leverage. It has the choice of continuing with a 5-rig drilling program in 2020, which would result in close to $100 million in projected cash burn at current strip prices. This would be significantly reduced cash burn compared to 2019 though, and would also provide around 10% production growth compared to Q4 2019 levels (and around 23% production growth compared to 2019 average production). Alternatively, Jagged Peak could aim for flat production growth compared to Q4 2019 (which