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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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July 30, 2015
18:44 EDTCVEOCiveo Corp. narrows FY15 revenue view to $530M-$545M from $520M-$560M
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18:41 EDTCVEOCiveo Corp. sees Q3 revenue $104M-$112M, consensus $120.43M
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18:40 EDTCVEOCiveo Corp. reports Q2 EPS (13c) with items, consensus (9c)
Reports Q2 revenue $143.1M, consensus $137.13M. Q2 EPS is inclusive of a $6.6M or 6c per diluted share after-tax loss related to the impairment of fixed assets at a village in Australia and a $1.6M or 2c per diluted share after-tax loss from costs incurred in connection with the migration to Canada.

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