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Stock Market & Financial Investment News

News Breaks
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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January 28, 2016
06:24 EDTCVEOCiveo secures C$41M in new Canadian oil sands business
Civeo announced that it has won contracts for Canadian oil sands customers totaling approximately C$41M. The new contracts include: A two-year accommodations contract to support the facility turnarounds of an oil sands customer in the first half of 2016 and 2017. Civeo will reopen its Athabasca lodge and also use rooms in its Beaver River Lodge to service this contract; Multiple shorter term contracts to support pipeline activity using both existing lodges and mobile assets; The extension of a catering and operations services contract, supporting 290 customer-owned rooms in the Alberta Oilsands region, for a 15-month period. This award is the continuation of a contract under which Civeo has been providing catering services to a customer since 2005, supporting operating personnel at an existing oil sands mine.

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