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Civeo, a provider of accommodations and logistics services, is experiencing share cannibalization, resulting in a discounted trading price. The company, which operates in the oil and gas industry, has seen its stock price decline due to concerns over its ability to maintain market share. As of recent reports, Civeo's shares have been trading at a significant discount to their historical average, with a price-to-earnings ratio of around 10, compared to the industry average of 15. This decline is largely attributed to the rise of competitors in the market, who are offering similar services at competitive prices. Founded in 1983, Civeo has established itself as a leading provider of workforce accommodations, with operations in Canada, Australia, and the United States. Despite its strong track record, the company faces significant challenges in maintaining its market position, with implications for its future growth and profitability.