Major Drilling Group International Inc. (TSX:MDI) will look for M&A. Ian Ross, Chief Financial Officer said, "From a capital allocation standpoint, and then we got asked this question last quarter, right now, we still feel it's early in the cycle. And so our focus is on growth right now. And so that's either new jurisdictions, organic growth or potential M&A, tuck-in opportunities that are out there.

The balance sheet, the way it's set up, provides tremendous flexibility right now, and what we're looking for is good opportunities. And that's what we feel is going to bring the best value for our shareholders. And so at this point in time, that's the strategy".