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June 9, 2014
16:37 EDTCVEOJana Partners reports 11.5% stake in Civeo Corp.
Jana Partners acquired the shares in a spin-off of the company from Oil States and believes that the shares are undervalued and represent an attractive investment opportunity. Jana has had and may continue to have discussions with the company’s management regarding a potential REIT conversion, the company’s capital structure and capital allocation policy, strategic acquisition strategy, corporate structure and assets, and board composition. Jana may also seek to discuss other topics including management, strategy and future plans. Jana Partners expects to continue to have such discussions with the company’s management as well as with its board of directors, shareholders and other parties relating to such matters, and may take other steps seeking to bring about changes to increase shareholder value as well as pursue other plans or proposals.
News For CVEO From The Last 14 Days
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May 15, 2015
17:34 EDTCVEOGreenlight Capital lowers stake in Civeo Corp. to 4.7% from 9.93%
May 14, 2015
17:12 EDTCVEOCiveo shareholders approve relocation to Canada
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May 13, 2015
17:15 EDTCVEOCiveo Corp. secures CAN22M in new lodging contract in the Athabasca region
Civeo Corporation has won a CAN22M contract to support a pipeline construction customer in the in-situ region of the Athabasca oil sands play in Alberta, Canada. The contract term extends through 1Q16. As a result of this new contract and other activity in the area, Civeo will redevelop its Mariana Lake location. The contract reduces the uncontracted revenue included in the Company's full year 2015 guidance for revenue and EBITDA. The capital spending associated with the redevelopment of the Mariana Lake location was included in the company's most recent 2015 CapEx guidance.

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