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Civeo Corp (CVEO.N)

CVEO.N on New York Stock Exchange

3.33USD
19 Oct 2018
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Latest Key Developments (Source: Significant Developments)

Civeo Announces Conditional Award Of Four Contracts For Coastal Gaslink Pipeline Project In Canada
Thursday, 5 Jul 2018 

July 5 (Reuters) - Civeo Corp ::CIVEO ANNOUNCES CONDITIONAL AWARD OF FOUR CONTRACTS FOR COASTAL GASLINK PIPELINE PROJECT IN CANADA.CIVEO CORP - ACCOMMODATION FACILITIES ARE COLLECTIVELY EXPECTED TO REACH TOTAL PEAK ROOM COUNT OF OVER 2,000.CIVEO CORP - REVENUE FOR FULL-TERM OF CONTRACT IS EXPECTED TO BE APPROXIMATELY C$100 MILLION OVER 2019-2021.CIVEO CORP - CONTRACTS ARE SUBJECT TO POSITIVE FINAL INVESTMENT DECISION FROM LNG CANADA JV; TIMING OF FID EXPECTED LATER IN 2018.CIVEO CORP - EXPECTS TO DEPLOY ABOUT C$10 MILLION IN CAPITAL, PRIMARILY IN 2019, ACROSS ALL 4 FACILITIES.  Full Article

Civeo Shareholders Approve Share Issuance Proposal For Pending Acquisition Of Noralta Lodge
Wednesday, 28 Mar 2018 

March 28 (Reuters) - Civeo Corp ::CIVEO SHAREHOLDERS APPROVE SHARE ISSUANCE PROPOSAL FOR PENDING ACQUISITION OF NORALTA LODGE.CIVEO CORP - ‍EXPECTS TO CLOSE ACQUISITION ON OR ABOUT APRIL 2, 2018​.CIVEO CORP - ABOUT 75% OF CO'S SHARES OUTSTANDING WERE VOTED, WITH ABOUT 98% OF VOTES CAST IN FAVOR OF PROPOSAL.  Full Article

Civeo To Acquire Noralta Lodge
Monday, 27 Nov 2017 

Nov 27 (Reuters) - Civeo Corp ::CIVEO TO ACQUIRE NORALTA LODGE, A PREMIER ACCOMMODATIONS PROVIDER IN THE CANADIAN OIL SANDS REGION.CIVEO CORP - DEAL FOR ‍TOTAL CONSIDERATION OF APPROXIMATELY C$367 MILLION​.CIVEO CORP - ‍EXPECTED ANNUAL SYNERGIES OF C$10 MILLION BY 2019 FROM DEAL, PRIMARILY RELATED TO OPERATIONAL AND CORPORATE EFFICIENCIES​.CIVEO CORP SAYS ‍EXPECTS TO FUND CASH PORTION OF PURCHASE PRICE WITH CASH ON HAND AND BORROWINGS UNDER ITS EXISTING REVOLVING CREDIT FACILITY​.CIVEO CORP - DEAL WOULD BE ACCRETIVE TO OPERATING CASH FLOW, INCREASE CIVEO'S STANDALONE OPERATING CASH FLOW BY ABOUT 75% DURING 12-MONTH ENDED SEPT 30.CIVEO CORP - ‍UPON DEAL CLOSING , NORALTA'S EQUITY HOLDERS WOULD BE GRANTED RIGHT TO NOMINATE 1 DIRECTOR TO CIVEO'S BOARD , EXPANDING BOARD TO 8 MEMBERS​.CIVEO CORP - ‍DEAL INCLUDES C$210 MILLION IN CASH & 32.8 MILLION CIVEO SHARES (OR US$69 MILLION, VALUED AT $2.10 PER SHARE) ISSUED TO NORALTA'S EQUITY HOLDERS​.CIVEO CORP - ‍CIVEO TO ACQUIRE NORALTA LODGE ON A CASH-FREE, DEBT-FREE BASIS, SUBJECT TO ADJUSTMENTS​.CIVEO CORP - ‍REGISTRATION RIGHTS, LOCK-UP AND STANDSTILL WILL RESTRICT NORALTA'S EQUITY HOLDERS FROM SELLING ANY CO'S SHARES FOR 18 MONTHS FROM CLOSING.  Full Article

Civeo reports Q3 loss per share $0.17
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Civeo Corp :Civeo reports third quarter 2017 results.Q3 loss per share $0.17.Sees Q4 2017 revenue $95 million to $99 million.Q3 revenue $97.5 million versus I/B/E/S view $92.1 million.Q3 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S.Sees FY 2017 revenue $376 million to $380 million.Civeo Corp - ‍Expects capital expenditures of approximately $12 to $15 million for full year 2017​.Civeo Corp - Sees ‍for full year of 2017, adjusted EBITDA of $63 million to $66 million​.For Q4 2017, Civeo expects adjusted EBITDA of $13 million to $16 million.  Full Article

BRIEF-Civeo Reports Q1 Loss Per Share $0.42

* QTRLY NET LOSS OF $55.5 MILLION REPRESENTS A $56.0 MILLION PRE-TAX LOSS RESULTING IN PART FROM A $28.7 MILLION IMPAIRMENT CHARGE