Saskatchewan registries extension This does change the investment potential for me .
They're now paying $30 million a year for something they now don't pay for ; on the other hand they get immediate price increases.
More importantly , their leverage is now up to 4 xEBITDA.
"Rapid deleveraging towards long-term net leverage target of 2.0x – 2.5x." was defined as 2 to 3 years.
My reasoning is the debt is going to limit M+A for some time unless they find a compelling purchase and use shares as part of the price.