Showing posts with label CVEO. Show all posts
Showing posts with label CVEO. Show all posts

Wednesday, February 4, 2015

Civeo: When The Going Gets Tough, The Dividend Gets Cut

This article was first published by Seeking Alpha on January 18, 2015.

By Sarfaraz A. Khan. Research Asst. Adnan Mushtaq

The drop in crude prices has shaken the energy markets and Civeo Corporation (NYSE:CVEO), which offers workforce accommodation and other related services to oil and gas companies in Canada and Australia, is no exception. About two weeks ago, the company gave a profit warning and suspended dividends.