The crude oil prices may remain weak and volatile in the near future, hurting the performance of many oil producers. The Permian Basin focused oil producer Parsley Energy (PE), however, will likely continue generating profits and free cash flows as it reduces costs and realizes capital efficiencies. The company will also realize synergies and the associated cost savings as it completes the takeover of Jagged Peak Energy. Oil prices, however, can also come under additional pressure in 2020, but Parsley Energy is in good financial health and can withstand any unexpected drop in oil prices.