Undervalued Civeo: A Story of Share Cannibalization in the Remote Services Industry
ByAinvest
Thursday, Jan 29, 2026 8:39 pm ET1min read
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.
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