Undervalued Civeo: A Story of Share Cannibalization in the Remote Services Industry

jueves, 29 de enero de 2026, 8:39 pm ET1 min de lectura
CVEO--

Civeo Corporation (CVEO) provides lodging and catering services to remote workers, primarily in Australian coal mines and Canadian oil sands. The company's business is not exciting, but its shares are trading at a discount due to market cannibalization. Civeo's primary competitor, Ausdrill, acquired its Canadian operations in 2020, reducing Civeo's revenue. Despite this, Civeo remains a stable company with a solid balance sheet.

Undervalued Civeo: A Story of Share Cannibalization in the Remote Services Industry

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