Civeo Corporation CVEO

Time to re-open previously closed oil projects, oil is above the required thresholds, bodes well for CVEO.

Vaccines will be available for everyone by May! Higher occupancy is expected for sure.

So there has been several buys and sells from major holders and insiders. Something is definitely brewing. My financial logic tells me the current valuation is way low in relation to revenues and cash flow CVEO has, it should be trading, at the very least, twice of what we currently have.

Earnings will be out Friday, not tomorrow.

Realistically speaking, CVEO relies in occupancy of their properties. With COVID 19 this was not possible, therefore revenues had to go way down, and with it, their market cap valuation. This is also why pre COVID trading days of $4 plus pre-split are taking longer to recover. But now with vaccines available, high occupancy rates are expected to be recovered, I expect yearly revenues to increase as well and trading ranges to be established between $37.50 and $48 for low and high. It is just a matter of time, they survived the worst situation, even paid down some debt, have a measly 14M total outstanding shares, IMO this thing is really coiled for near future investment reward.

Yearly revenues higher than $500M and market cap in the $200,sM? This won’t last, I am more inclined for a fair valuation using $525,000,000/14,000,000=$37.50 per share.

The Torgerson Family Trust has been selling some shares as of late. My gut wants to believe something huge (on the positive) it’s being setup. I.e. setting ownership percentages for an acquirer’s offer to come thru. All my personal opinion.

CVEO has a very tight float. Of 14.22M shares, only about 2.8 are floating shares, meaning institutions and insiders own about 80% of total outstanding shares. With well know institutions owning it I.e. Fidelity, Kinetics, FMR.
Great upside potential.

80% of outstanding shares are held between institutions and insiders. Pre-COVID they were trading at $4 Plus pre-split. Earnings release next week, good results with good guidance, this will significantly move up in stock price an establish a new trading range on its way to ‘normal’ valuation of $4 pre-split = $48 per share trading range.

I agree with the fellow investor about CVEO getting to at least $48. Pre-split and pre-COVID they were trading at above $4 per share. So even if, pessimistically speaking, they only ‘recover’ to $36 ($3 per-split) is still $16 up from where we are.