Civeo Getting Crushed - Short Note

This is a short term note on Civeo (CVEO) which we have written about peripherally as a comp to Black Diamond (BDI), our Top Idea for a long time. The stock has gotten crushed 20%+ since reporting results yesterday, due to a reduction in earnings / FCF from a wind-down of projects that we knew were coming - four mobile camps serving the Trans Mountain P…