The stock consolidation is just house keeping. I believe CHC will come to the market next week with commentary over their latest Q numbers but given oil is trading where it is I don't see anything that changes the investment view.
Simply cutting costs is unsophisticated and it seems to me that CHC's executive merely live in hope that crude prices rebound which if you look at oil production and global economic growth it's hard to see that happening in a timescale that suits CHC.
Maybe next weeks earnings call gives something new but I doubt it. Just my view and it might be wrong it's the internet, etc, etc good luck if you work there or have skin in the game but as I have said all along - like it or not the stock price is telling you something about the under lying entity. FACT.