Civeo Agreed To Sell McClelland Lake Lodge For Approximately C$49M ($36M)
Portfolio Pulse from Benzinga Newsdesk
Civeo Corporation has agreed to sell its McClelland Lake Lodge for approximately C$49M ($36M).
October 27, 2023 | 10:39 am
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NEUTRAL IMPACT
Civeo Corporation's sale of McClelland Lake Lodge could potentially free up capital for other investments or debt reduction.
The sale of McClelland Lake Lodge by Civeo Corporation could potentially free up capital for other investments or debt reduction. However, the impact on the stock price will depend on how the company plans to use the proceeds from the sale. If the funds are used for debt reduction or profitable investments, it could have a positive impact on the stock price. If not, the impact could be neutral or negative.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100