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Posted by
Two Blokes Jul 26 -
Filed in
Stock
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3 views
Civeo remains a 'strong buy' despite recent financial weakness, as shares trade at attractive valuations and recent moves position the company for long-term gains. Australian operations are driving growth with new contracts and acquisitions, offsetting ongoing weakness in Canadian operations tied to the energy sector. The recent Bowen Basin acquisition, though increasing net debt, lowers the company's trading multiple and is expected to significantly boost EBITDA and revenue.
