RE:Whitecap ModelIMO, PNE has their own model. Remain financially disciplined at all times, dont overextend yourself and dont borrow too much, pay the dividend religiously. It wont surprise me that they borrowed from institutional because they could get better terms than from regular channels, I have confidence in this team and was't invested before because I thought they were too gassy. Now its a little more balanced so I stepped in. Another stock I dont need to look at.