Forbes – There is a messy fight brewing over the future of Civeo Corporation, a company that runs lodges for oil and commodity drillers operating in far flung regions such as the Alberta tar sands and Western Australia.
David Einhorn isn’t happy with the outcome of Oil States International’s spinoff of Civeo, which he once referred to as the “Club Med of remote exploration facilities” when advocating a breakup of the company. To press his case against Civeo, Einhorn made a series of well-timed stock trades this fall, which make him a formidable foe even after the company settled with activist hedge fund Jana Partners in October and took on three new independent board directors.
