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CVEO hit $2.59 in the AH of Friday! Which was up three cents!
Great Info.! Thanks for sharing with us! CVEO will soar very soon...
Might even be higher.
Stoxline:
Book Value (p.s.) 11.450
Finviz:
Book/sh 11.50
Analyst weigh in:
Consensus Ratings for Civeo Corp (NASDAQ:CVEO)
Ratings Breakdown: 3 Hold Rating(s), 1 Buy Rating(s)
Consensus Rating: Hold (Score: 2.25)
Consensus Price Target: $9.00 (247.49% upside)
http://www.analystratings.net/stocks/NASDAQ/CVEO/
Just a matter of waiting.
CVEO
Those were new contracts and today's was extending existing so good on both fronts. With ~84% institutional holders today could have been merely one selling off for whatever reasons.
Institutional Holdings 84.23%
Total Number of Holders 263
Total Shares Held 90,442,641
Total Value of Holdings 237,864,146
Net Activity (14,218,794)
Read more: http://www.nasdaq.com/symbol/cveo/ownership-summary#ixzz3VWbmkiiO
Let's hope the Nymex stays above $50 and we can watch this rise.
CVEO
CVEO won't stay below $3 for long since its BV alone is $8.04 a share!
look back in the last days of Feb and you'll see almost the same news only in Australia .. price should be moving north soon...
I should buy more if this stays below $3. Drop my avg
True. CVEO worth $8.04 per share v.s. it is trading at the joke low $2.5x ~ $2.7x today!
I guess overall energy is down today. They just showed it on CNBC
Yes. But they could not change the strong upward direction!
It's been manipulated since I've been in it
Obviously MM's manipulation! How could the price decline with great news today?
And now it's red.. Lol
Sure would like to see it surpass the early $2.74. From my observations it usually settles into a pretty narrow range mid-morning and stays there until near closing. Not so much today.
Double threat -- NYMEX above $50 and extended contract.
CVEO
Wow, Great news for CVEO today! We might see $3 as soon as today...
CVEO has another great news today! $3 should be tested in this week!
Civeo Corporation Secures C$31 Million Extension at Wapasu Creek Location
By GlobeNewswire, March 26, 2015, 08:00:00 AM EDT
HOUSTON, March 26, 2015 (GLOBE NEWSWIRE) -- Civeo Corporation ("Civeo" or the "Company") (NYSE:CVEO), one of the largest integrated providers of workforce accommodations, logistics and facility management services to the natural resource industry, today announced that it has won a contract extension at its Wapasu Creek location.
Under the agreement, which now extends through the end of 2017, Civeo will continue to provide accommodations and other services to a key customer at its Wapasu Creek location in Alberta, Canada for approximately 500 rooms on average. The extension is valued at a minimum of C$31 million with the potential for further room demand from the customer.
President and Chief Executive Officer Bradley J. Dodson, stated, "This contract was initially signed in 2009 and scheduled to expire at the end of the third quarter of 2015, and we look forward to extending our relationship with this important customer. Despite the challenging market environment, we are pleased to see continued demand for our remote workforce accommodations, and we remain committed to providing our customers with the highest level of service."
This extension reduces the uncontracted revenue for the fourth quarter of 2015 included in the Company's full year 2015 guidance for revenue and EBITDA.
The Wapasu Creek Lodge is the Company's largest location and features 5,174 standard and deluxe rooms, equipped with Internet and cable TV. The Company offers catering, personnel logistical services, fitness and recreation facilities and a Tim Horton's, with a focus on the guest experience, striving to make working away from home healthier and more productive.
About Civeo Corporation
Civeo Corporation is a leading provider of workforce accommodations with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for housing hundreds or thousands of workers with its long-term and temporary accommodations and provides catering, facility management, water systems and logistics services. Civeo currently owns a total of seventeen lodges and villages in operation in Canada and Australia, with an aggregate of more than 22,000 rooms. Civeo is publicly traded under the symbol "CVEO" on the NYSE. For more information, please visit Civeo's website at http://www.civeo.com.
Forward Looking Statements
The foregoing contains forward-looking statements within the meaning of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements included herein are based on then current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among other things, risks associated with the general nature of the accommodations industry, risks associated with the level of supply and demand for oil, coal, natural gas, iron ore and other minerals, including the level of activity and developments in the Canadian oil sands, the level of demand for coal and other natural resources from Australia, and fluctuations in the current and future prices of oil, coal, natural gas, iron ore and other minerals, and other factors discussed in the "Business" and "Risk Factors" sections of the Form 10-K filed by the company with the Securities and Exchange Commission ("SEC") on March 13, 2015 and the company's subsequent SEC filings. Except as required by law, the company expressly disclaims any intention or obligation to revise or update any forward-looking statements whether as a result of new information, future events or otherwise.
CONTACT: Investors
Frank C. Steininger
Senior Vice President and Chief Financial Officer
Civeo Corporation
713-510-2400
Source: Civeo Corporation
Read more: http://www.nasdaq.com/press-release/civeo-corporation-secures-c31-million-extension-at-wapasu-creek-location-20150326-00308#ixzz3VUgmG54u
________________________________________
CVEO
I'm starting to see articles questioning the amount of oil that's actually in storage, that could be huge
That is a great news, my friend! I'm holding my position for the coming huge rally...
Churning and holding up well to the news of added 8mil barrels to the storage capacity. I can't wait till this explodes!
Total 185,968 shares bought at 2.63 in the AH.
Wow, 173,596 shares bought at 2.63 in the AH so far! 2.61 x 2.66 now. Tomorrow CVEO should test today's high 2.78 again...
CVEO's Book Value alone is $8.04 per share v.s. at the joke low $2.6x now! Easy triple from here just based on the BV alone...
Obama loaded??? to da moon hehe j/k but I did buy. maybe early but oil will come back and this is just another piece of the puzzle to own...
I saw it after I posted lol
Yes. See the sticky post...
The president loaded up a bunch today.
I see. I should load up more dirt cheap shares when CVEO hit $2.5x today!
I could've added more yesterday but id be too one sided. So I bought back a previous buy
Yes. That is a great news for all the shareholders!
CEO and President acquires 91,60 shares @ $2.39:
http://insideri.com/1590584_000143774915005889_0001437749-15-005889
CVEO
New high $2.78 just hit!
"Break even again"? Up one penny now anyway!
Big headline today.. STOCKS UP ON DOLLAR DECREASE!!
Bring it on! I'm ready to break even again
$2.7 hit again in the AH session! Tomorrow seems another rising day!
Yeah I'm up huge today! In my eyes. I got 583 shares accumulated. :)
$2.7 just hit!
Up 11% so far! Tomorrow CVEO should test $3 mark...
Why do you project a bounce. I just don't see it. My opinion as always.
That is what I thought --- Hyper Oversold in the entire sector v.s. the USA market was just peaked last week! Huge bounce is brewing on the background now...
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