The chief executive of Civeo Corp (NYSE:CVEO), Bradley Dodson, during the press conference of Monday, said that it was crystal clear by the fourth fiscal quarter that the falling prices would have to be compensated from some other segment, if the company wanted to stay on its feet. He further said t
Date: Dec 31, 2014
Civeo Plummets 50% On Lowered Outlook And Suspended Dividend
As it became evident during the fourth quarter that capital spending budgets among the major oil companies were going to be cut, we began taking steps to reduce marketed room capacity, control costs and curtail discretionary capital expenditures, Civeo president and CEO Bradley Dodson said in a st
Date: Dec 30, 2014
Oilsands camp provider cuts third of staff in Canada, signalling slowdown in ...
There are few major oilsands construction or expansion projects forecast for 2015, reducing the demand for labour and accommodations, Civeo president and CEO Bradley Dodson said in a Monday conference call. Certain regions in the Athabasca oilsands region are oversupplied for rooms, negatively im