i recently caught up with anthony marino to ask him about the acquisitions. und on this m&a investment, we could make a high rate of concern -- high rate of return. using the commodities to evaluate, we found very high returns on the transaction of the level we were able to do it. alix: a lot of investors are companies have wanted to get out of canada and the conversation about it not being the best place to be. what gave you the confidence to go forward? anthony: i could address that a couple of ways. the first, looking at the profitability of canadian light oil in geral, we have gotten way lower differentials that in the permian, where lower royalties than the permian, and we have costs helped by the week canadian dollar. it is a u.s. nominated products, but with the week exchange rate versus usd, costs are scrunched down in comparison to what they would be in the u.s. because of the effect you are talking about, the exit from canadian investment that occurred in the past couple of years, the market has actually come to represent great value for transactions

i recently caught up with anthony marino to ask him about the acquisitions. found on this m&a investment, we could make a high rate of concern -- high rate of return. using the commodities to evaluate, we found very high returns on the transaction of the level we were able to do it. alix: a lot of investors are companies have wanted to get out of canada and the conversation about it not being the best place to be. what gave you the confidence to go forward? anthony: i could address that a couple of ways. the first, looking at the profitability of canadian light oil in general, we have gotten way lower differentials that in the permian, where lower royalties than the permian, and we have costs helped by the week canadian dollar. it is a u.s. nominated products, but with the week exchange rate versus usd, costs are scrunched down in comparison to what they would be in the u.s. because of the effect you are talking about, the exit from canadian investment that occurred in the past couple of years, the market has actually come to represent great value for transact