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Civeo Acknowledges Receipt of Letter by Shareholder

1. Civeo acknowledges Engine Capital's shareholder letter regarding value creation. 2. Management will review capital allocation and cost structure options.

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FAQ

Why Bullish?

Engagement with shareholders typically signals potential positive changes; historical engagement often led to stock price increases.

How important is it?

Engagement with shareholders may trigger strategic changes boosting investor confidence and potential growth.

Why Long Term?

Long-term strategies may take time to materialize, influencing stock performance positively over time.

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HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--Civeo Corporation (NYSE:CVEO) acknowledges the recent shareholder letter issued by Engine Capital LP, a shareholder of the Company. Bradley J. Dodson, Civeo's President and Chief Executive Officer, said, “We appreciate the input of our shareholders and will closely review the letter. The Civeo Board and management team regularly review options to create long-term value, including our capital allocation priorities, cost structure and other opportuniti.

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