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Sunshine Oilsands ( (HK:2012) ) has shared an update.
Sunshine Oilsands Ltd. has provided an update on its financial situation and operational plans, addressing a disclaimer of opinion on its going concern status for the year ended December 31, 2024. The company has undertaken various repair and maintenance activities, including valve replacements and pipeline assessments, and is in the process of securing funds through a share issuance to support these efforts. Additionally, the company is working on reducing its leverage by settling with creditors through equity issuance, which has significantly lowered its gearing ratio. Sunshine Oilsands is also engaged in an appeal process with the Alberta Energy Regulator (AER) regarding a notice issued in May 2025, with a hearing expected in the second quarter of 2026. The company anticipates resuming production in the second half of 2026, although this timeline is subject to various uncertainties.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.48 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
More about Sunshine Oilsands
Sunshine Oilsands Ltd. is a corporation incorporated under the Business Corporation Act of the Province of Alberta, Canada, with limited liability. It is listed on the Hong Kong Stock Exchange and operates in the oil sands industry, focusing on the development and production of oil resources.
YTD Price Performance: -14.66%
Average Trading Volume: 5,242,463
Technical Sentiment Signal: Sell
Current Market Cap: HK$282.8M
See more data about 2012 stock on TipRanks’ Stock Analysis page.