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Shares of Civeo Corp. (NYSE: CVEO) are recovering slightly this morning. The stock is up 3.7% in premarket hours after plunging more than 52% yesterday. The firm announced on Tuesday that it plans to slash its workforce and cut its 2015 revenue outlook by more than one-third. The firm provides temporary housing to oilfield workers and miners. It has seen service demand plummet due to falling oil prices. With oil companies slashing capital expenditures for 2015 and beyond in western Canada and Australia, Civeo will look for a rebound in prices to boost demand.