Civeo Corporation (CVEO) provides lodging and catering facilities to the natural resource extraction industries in the US, Canada, and Australia. In the fall of 2018, the stock was trading at over $4.00/share before a plunge in energy prices brought the stock down under $1.00/share.
On July 29, before market open, they reported results for 2Q20, and investors rewarded the company's performance with a 43% surge in the share price. But a very large risk remains.
As of June 30, CVEO only had $7M in cash, and total debt stood at $299M. Management has done a