Civeo (CVEO) Posts Q2 Loss of 13c/Share
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Civeo Announces Second Quarter 2015 Earnings
July 30, 2015 6:37 PM EDTSolid operating cash flows of $45 million in the second quarter and reduced capital expenditures driven by cost containment and capital discipline Awarded contract to support development of the Sitka Lodge in Kitimat Redomiciled the Company to Canada and amended the credit facilities with revised financial covenants Substantial debt reduction from $775 million at June 30, 2015 to $500 million as of July 27, 2015 Company remains focused on capturing growth in the British Columbia LNG market, maximizing occupancy and revenues, reducing costs and limiting capital spending
HOUSTON, July 30, 2015 (GLOBE NEWSWIRE) -- Civeo Corporation (NYSE:... More
