Civeo Corporation (NYSE:CVEO) Q2 2023 Earnings Call Transcript

Bradley Dodson: It’s too early. We’ve got a lot of moving parts. And our teams have not put pen to paper yet. And so I know it’s important. We’ll certainly, as soon as — you know, as soon as we have some clarity on outlook, we try to be as transparent as possible, but it’s too early at this point.

Stephen Gengaro: Yes. I understand. I figured I would try. And I will ask one more since I’m in queue here. You’ve done this normal issuer bid up in Canada for the last — I guess you’ve been through now you’re in the midst of your second round. Is that one of the capital allocation things that you’re alluding to? Or is it something that you potentially could move to an extraordinary issuer bid at some point?

Bradley Dodson: At this point, it’s — we think it’s an important part of the capital allocation. We’ve been doing it for 2 years now, and it will come up in September — late August, September for renewal, subject to Board approval. And so I would say, unless there’s something that changes, we would renew.

Operator: At this time, we reached the end of the question-and-answer session. And I’ll turn the call over to Bradley Dodson for closing remarks.

Bradley Dodson: Thank you. And thank you, everyone, for joining the call today. We appreciate your interest in Civeo. We look forward to speaking to you on the third quarter earnings call expected in October.

Operator: This will conclude today’s call. You may disconnect your lines at this time, and thank you for your participation.