Shaping up to be and exciting day just before earnings.
Canadian dollar getting stronger,
Will be more payoff of debt from cash flow,
LNG Canada is inevitable,
Competition is starving or gone!
Betting we pop to at least 1.8 on flat to good news.
CVEO stellar management is guiding this company well thru the calm waters with no wind. As wind returns so will huge gains in stock price. ol chop chop will be run over and be food for the crabs.
It kinda feels like someone is manipulating the stock price to stay flat before earning release. I am taking a bet earning release will have some positive announcements and am buying back in. If I am wrong, hey, it's just money right. Mr chop chop can then have his moment gloating from his toad stool.
If the oil sentiment keeps tanking - we may be testing the lows again. Ready to buy more should it go that low again.
I sell, I buy, do it again, I hedge my risks. In the long run CVEO is a winner. No matter how much you bash the company it is a winner. I wonder why someone like you keeps posting all the negative articles. Are you trying to convince people to sell so you can buy low or did you get layed off by Civeo and feel the need to keep bashing the company instead of looking for a job?
Sentiment: Strong Buy
You can figure it out using the financials. I know you keep banking on CVEO going broke. I see it differently. They made lots of money in the boom days and even payed dividends. Natural resources always go up and down and CVEO is running thin to get thru this downturn. It will do extremely well when resources have bounced back up in price and demand. Great time to put some money down on a company executing very well in the resources downturn. They are not profitable now, however will be. Compare this to the scam company called Angi's List. I bet you have all your money in places like that, thinking very short term only.
I vote pay4gay and aventa bore split their cheeks and service each other. Maybe that way they will post something intelligent on this forum.
Sentiment: Strong Buy
I do not think shorts are involved here with CVEO. It has risen with high volume since the notice to delist and seems to just drag with no volume even when oil goes up - which makes me think that it is being manipulated by CVEO mgmt friendlies to keep it up for 30 days to avoid the delisting. Most everyone is very unsure of which way OPEC will go and how much influence they will have with oil prices this summer and fall. Till then, no one or institution is really going long - in a big way with CVEO.
I vote for reverse split no matter what the price is. Will give better ability for the likes of Mutual Funds to throw in and buy.
Lucky I sold out some yesterday. sold some more today. Hoping it hits 1.11 again before I buy back in.
Come on scary guys, crawl out from your potato chips and mom's basement so you can paint the doom and gloom again. Just need 10 more cents drop before end of week.
Could be mostly short squeeze, however it must be party because of oil price recovery. So far CVEO management has made all the right choices. Feeling great going into this weekend.
With LNG Canada delaying their decision and it will go ahead late 2016, this actually plays in Civeo favor. Civeo will be leasing out rooms a lot longer now to LNG Canada. LNG Canada plans to have their own housing facilities once fully ramped up - till then Civeo is it. Can hardly wait for oil to pop above 40 and see LNG Canada pull the trigger. Civeo will likely rise above 2 dollars with that news. Those sitting on CVEO can rest easy and watch it double over the next 12 months.
I agree on buying next week and expect it to go to 1/2 dollar. It does have good mgmt and will survive this oil downturn.
CVEO is not quite at the desperation level of UPL. It will take years to get there and by that time CVEO will be doing extremely well.
In its press release, Ultra Petroleum (NYSE:UPL) disclosed that it has drawn the entire available amount under its credit facility - $266 million - and engaged Kirkland & Ellis LLP as legal advisor and Rothschild and Petrie Partners as financial advisors.
Still, as oil stays low, even if it is profitable for companies in the oil sands, with decreased margins, everyone is tightening their belts and will be squeezing the likes of Civeo for cheaper lodging. This will slow down long term debt reduction and expansion. Sure hoping the LNG goes ahead later this year in BC, Canada.
That is a strong possibility. I prefer to jump on the shares after split vs shorting. Way less risk with a company like CVEO. - which will sky rocket up if/when oil comes back.
will probably be down to about 15 dollars per day and a loss of 10 million for the quarter. Not bad actually for the tough tough times to be providing lodging in the energy sector.