Barry Rosenstein's activist hedge fund firm JANA Partners has filed a Form 4 and 13D with the SEC regarding shares of Civeo (CVEO). Per the filing, JANA Partners no longer owns any CVEO shares.
The Form 4 notes that JANA sold the bulk of its position on December 30th at prices of $4.13 and $4.29. Shares fell over 50% during the month of December.
Per Google Finance, Civeo "operates in active oil, coal, natural gas and iron ore producing regions, including Canada, Australia and the United States. The Company is engaged in providing an integrated service offering to its customers, which include independent oil and natural gas companies, mining companies and oilfield and mining service companies. The Company’s premium accommodations services allow its customers to outsource their accommodations needs to a single supplier, maintaining employee welfare and satisfaction while focusing their investment on their core resource development efforts. In June 2014, Oil States International Inc completed spin-off of the Company."
You can view additional past portfolio activity from JANA Partners here.
Friday, January 2, 2015
JANA Partners Blows Out Of Civeo Position
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