Added to YB: 2025-03-31
Pitch date: 2025-03-27
CVEO [bullish]
Civeo Corporation
-3.3%
current return
Author Info
Northeastern University Student Value Fund is the premier investment fund at Northeastern University. Visit their website.
Company Info
Civeo Corporation engages in hospitality services to the natural resource industry in Canada, Australia, and the United States.
Market Cap
$312.0M
Pitch Price
$23.63
Price Target
33.00 (+44%)
Dividend
4.38%
Sector
Commercial Services and Supplies
Category
special_situation
Long $CVEO (Civeo Corp): Activist Engine Capital to Unlock 23.6% FCF Yield
CVEO: Activist Engine Capital (9.8% owner) aims to unlock 23.6% FCF yield. Plan: repurchase shares, increase leverage to 1.75x, cut costs $5M+, pursue sale. Australia segment (63% rev, 26% margin) masks weaker Canada (36% rev, 15% margin). Risks: delisting, management resistance, Canada deterioration. PT $33.
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