Stock is reacting terribly as we wait for May report. Hopefully management has work out an arrangement with the banks this time, and that was why there was no Q/A after the last earnings cal. That would lift the stock.
Best hedges for going forward are MEMP and ARP. This does not mean that both won't go BK if things do not change in the next 2 years. LINE and BBEP do not have great hedges and are doomed.
As soon as they say that redetermination is OK and that they have the banks blessing it will go up above $1. This was a dumb way to announce what the banks have demanded.