CVEO

Civeo Corporation provides hospitality services to natural resource companies in Canada, Australia, and the United States. The company operates lodges, villages, and mobile accommodations providing room and board to workers at remote natural resource sites including oil sands operations, mining sites, and other remote projects. Civeo provides accommodation, catering, facility management, and related services under long-term contracts with oil, gas, and mining customers. The company operates in remote locations where traditional hotels and housing are unavailable, providing essential infrastructure for resource development. Headquartered in Houston, Texas, Civeo serves customers including energy and mining companies requiring workforce accommodations at remote sites. The company benefits from essential services, long-term contracts, barriers to entry including remote infrastructure investments, and exposure to resource development activity. Civeo faces cyclicality tied to commodity prices and customer capital spending, customer concentration, operational challenges in remote environments, and cost management pressures. The company emerged from bankruptcy reorganization in 2018 and has since focused on operational improvements and financial stability. Civeo continues to serve remote resource customers while managing costs, maintaining assets, and pursuing growth opportunities.