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Engine Capital Calls on Civeo's Board of Directors to Take Immediate Action to Close the Company's Valuation Gap

1. Engine Capital, owning 9.8% of CVEO, seeks to unlock shareholder value. 2. A letter outlines strategies to close CVEO's valuation gap.

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Why Bullish?

Engine Capital’s involvement suggests potential for substantial changes in CVEO’s management or strategic direction. Historically, activist investors vocalizing valuation gaps often lead to share price increases as companies respond positively to pressure.

How important is it?

The article discusses a significant shareholder pushing for change, which could directly influence CVEO’s market strategy and valuation. Active engagement by investors often leads to heightened investor interest and speculation.

Why Short Term?

Immediate pressure from Engine Capital may lead to quick actions by CVEO's Board, impacting the share price in the near term. Previous cases, like those involving activist investors, have seen rapid adjustments affecting stock values.

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NEW YORK--(BUSINESS WIRE)--Engine Capital LP (together with its affiliates, “Engine” or “we”), which owns approximately 9.8% of Civeo Corporation's (NYSE: CVEO) (“Civeo” or the “Company”) outstanding shares, today sent a letter to the Company's Board of Directors outlining several opportunities to close Civeo's significant valuation gap and unlock value for shareholders. The letter can be viewed and downloaded here. About Engine Capital Engine Capital LP is a value-oriented special situations f.

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