Post by
Philbert77 on Dec 05, 2017 9:35pm
Civeo buys Noralta
Anyone have thoughts on the purchase of Noralta? Good, Bad or ugly?
Comment by
Opportunity44 on Aug 05, 2018 6:34pm
I know one thing notalta has a bunch of really nice camps north of fort McMurray and they are always filled by Suncor and Syncrude
Comment by
stockfy on Sep 28, 2018 2:39am
It's good, it has synergies.
Comment by
stockfy on Sep 28, 2018 2:40am
But CVEO has a lot of debt and it's expensive. I'm think to sell my few CVEO shares and move on.
Comment by
Philbert77 on Oct 05, 2018 8:17pm
I think selling now is a mistake. With the state of oil production in the world and the newly announced LNG Canada approval it is only the beginning of the upward trend in this stock price.
Comment by
YoungH1 on Oct 09, 2018 10:46am
This post has been removed in accordance with Community Policy
Comment by
Philbert77 on Oct 09, 2018 2:51pm
I've owned Civeo for a year now and I am up 60 percent. I think this is just the tip of the iceberg for them. This was a $25 stock 4 years ago that is currently trading at $4. I'm not saying its gonna go back to $25 but the opportunity is there. A triple from here is only $12.
Comment by
stockfy on Mar 12, 2019 11:33am
CVEO remains highly leveraged and therefore it remains very risky. I will avoid it until its leverage drops significantly.
Comment by
stockfy on Jul 28, 2019 9:54am
Based on the recent stock performance the deal with Noralta has not helped...Debt remains high...
Comment by
Bigginvestor on Nov 21, 2020 5:17pm
since the reverse split this thing making money I bought in at .84 cents 30,000 shares