RE:RE:RE:Deals are happening. Buying ESN, a market leader with 4M net debt and 42M in rental inventory would be a steal if they could work a deal for under 1.50 cad..perhaps with an "earner provision" as well.
Risus76 wrote: My thinking about Canadian acquisitions has changed over the past couple of months and I now agree with you. In fact, management’s intentions to move equipment down to the US or perhaps establish a US subsidiary to capture business down south is very sound. In the current environment where potentially rising interest rates coupled with murky visibility on the future of the Canadian energy patch are growing concerns, the risk/reward ratio does not warrant buying stressed Canadian companies/assets that are not immediately accretive.