30.12.2014 - Oil prices had a negative impact at financial forecasts of Civeo

Civeo lost more than a third of capitalization after the statement according to which the company's expenses reduced and company posponed payment of dividends. We recall that the company provides housing to employees of the Canadian and Australian sectors of shale oil and other natural resources. Falling oil prices has led to the stop of some projects that worsens the prognosis on the financial performance of the company. We recommend selling the shares of the company with the potential fall by 30-40% for the year.

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