Professional
Added to YB: 2025-07-17
Pitch date: 2025-07-16
CVEO [neutral]
Civeo Corporation
Author Info
Special Situation Investments focuses on event-driven trades and low risk arbitrage opportunities with short term catalysts. Sign up for the newsletter.
Company Info
Civeo Corporation engages in hospitality services to the natural resource industry in Canada, Australia, and internationally.
Market Cap
$249.1M
Pitch Price
N/A
Price Target
33.50 (+52%)
Dividend
N/A
EV/EBITDA
6.02
P/E
-9.96
EV/Sales
0.70
Sector
Commercial Services and Supplies
Category
special_situation
Interesting setup over at $CVEO with a highly reputable activist involved
CVEO (special sit): Activist Engine Capital (10% owner) pushing for capital return, authorizing 20% buyback with 100% FCF allocation. Trading at 5x EBITDA vs peers 5.5-7.5x despite stable contracts. Underutilized Canadian assets could add $20-36M EBITDA. Conservative case: 40% upside in 2.5yrs vs Engine's 100%+.
Read full article (2 min)