Top Page
Sunshine Oilsands
(2012)
Sunshine Oilsands (2012) vs. iShares MSCI Hong Kong ETF (EWH)
Sunshine Oilsands Business Overview & Revenue Model
Sunshine Oilsands Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.97M | 30.66M | 30.24M | 15.63M | 144.00K | 4.18M |
| Gross Profit | -2.66M | -1.06M | -18.12M | -19.05M | -8.91M | -13.46M |
| EBITDA | -8.49M | -16.45M | -891.00K | -53.10M | 49.23M | 30.49M |
| Net Income | -53.97M | -75.39M | -19.33M | -65.40M | 1.47M | 2.23M |
Balance Sheet | ||||||
| Total Assets | 742.13M | 739.02M | 745.93M | 747.72M | 755.72M | 761.66M |
| Cash, Cash Equivalents and Short-Term Investments | 732.00K | 841.00K | 1.02M | 542.00K | 312.00K | 838.00K |
| Total Debt | 368.83M | 383.21M | 351.05M | 352.77M | 307.91M | 311.38M |
| Total Liabilities | 719.93M | 722.17M | 654.88M | 637.71M | 579.36M | 596.24M |
| Stockholders Equity | 23.95M | 18.44M | 92.27M | 111.01M | 177.05M | 165.74M |
Cash Flow | ||||||
| Free Cash Flow | -4.85M | -4.30M | -10.37M | -22.92M | -12.71M | -12.81M |
| Operating Cash Flow | -2.66M | -2.97M | -7.59M | -21.32M | -9.89M | -11.34M |
| Investing Cash Flow | -2.57M | -735.00K | -2.77M | -1.59M | -2.81M | 2.29M |
| Financing Cash Flow | 5.04M | 3.52M | 10.37M | 23.13M | 12.13M | 8.65M |
Sunshine Oilsands Technical Analysis
Sunshine Oilsands Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$199.00M | 2.74 | 9.86% | ― | 42.60% | -67.94% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
45 Neutral | $251.40M | ― | -113.92% | ― | -92.37% | -49.00% | |
40 Underperform | HK$343.30M | -16.67 | -8.65% | ― | -2.17% | 63.26% | |
39 Underperform | €108.17M | -0.27 | ― | ― | -18.76% | -76.89% | |
37 Underperform | HK$187.89M | -1.33 | ― | ― | -9.85% | 20.71% |
Sunshine Oilsands Corporate Events
Sunshine Oilsands Ltd. announced the acquisition of an 80% equity interest in Ideal Harbor Limited for HK$8,000,000. This strategic acquisition, involving a company engaged in investment holding with stakes in high-tech enterprises like Phononic, Inc., is expected to enhance Sunshine Oilsands’ market positioning and operational capabilities.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. announced a connected transaction involving the proposed issuance of convertible bonds to settle debts owed to a company wholly owned by its Executive Chairman, Mr. Kwok Ping Sun. The transaction, valued at HK$238 million, requires approval from independent shareholders and is subject to the Listing Rules of the Hong Kong Stock Exchange. The issuance will result in a significant increase in the company’s share capital, potentially impacting its market positioning and shareholder interests.
The most recent analyst rating on (HK:2012) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. has announced a proposed issue of convertible bonds under a specific mandate to settle debts amounting to HK$238,000,000. The bonds will be subscribed by a company wholly owned by Mr. Kwok Ping Sun, the Executive Chairman and Substantial Shareholder of Sunshine Oilsands. This transaction is considered a connected transaction under the Hong Kong Stock Exchange Listing Rules and requires independent shareholders’ approval. The issuance of these bonds could significantly impact the company’s share capital structure, potentially increasing the issued share capital by approximately 52.49% upon full conversion.
The most recent analyst rating on (HK:2012) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. reported that for the three and nine months ended September 30, 2025, the company had no bitumen production, and its average Dilbit sales volume was also zero. The company faces significant financial challenges, with only CAD0.54 million in cash and a reliance on financing and cash flow from operations to continue its projects. The company’s ability to continue as a going concern is uncertain, and it is dependent on successful operations at West Ells, favorable market conditions, and access to additional financing.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. reported a significant decline in petroleum sales for the first nine months of 2025, dropping to CAD 0 million from CAD 26.3 million in the same period of 2024, primarily due to equipment maintenance at its West Ells site. Despite the decrease in sales, the company achieved a net profit of CAD 0.7 million for Q3 2025, compared to a net loss in Q3 2024, indicating a potential recovery in financial performance.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. announced a further delay in the dispatch of a circular related to the acquisition of a 51% equity interest in a target company, which involves issuing consideration shares under a specific mandate. The circular, initially expected by November 13, 2025, will now be postponed to on or before January 15, 2026, due to the need for additional preparation time. This delay may impact shareholders and potential investors, as the completion of the transaction is contingent upon fulfilling certain conditions, and there is no guarantee it will proceed.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. announced a delay in the dispatch of a circular related to the issue of shares under a specific mandate for debt settlement. Initially expected by November 13, 2025, the circular’s release has been postponed to on or before December 4, 2025, to incorporate additional information. The completion of the transactions is contingent on meeting certain conditions, and stakeholders are advised to exercise caution in dealing with shares.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. has announced the withdrawal of a winding-up petition after fully settling outstanding sums with Keystone Finance Limited. This resolution, ordered by the High Court, marks a significant step in stabilizing the company’s financial standing and may positively impact its operations and stakeholder confidence.
The most recent analyst rating on (HK:2012) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. announced a significant acquisition involving a 51% equity interest in a target company, which will be executed through the issuance of consideration shares under a specific mandate. This acquisition, along with a debt settlement transaction, will alter the shareholding structure, impacting the controlling shareholder’s stake but will not trigger a general offer obligation under the Takeovers Code.
The most recent analyst rating on (HK:2012) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. has announced that its board of directors will hold a meeting on November 13, 2025, in Calgary, Canada, to approve and publish the company’s quarterly results for the periods ending September 30, 2025. This meeting is significant for stakeholders as it will provide insights into the company’s financial performance and strategic direction for the upcoming quarters.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. has announced that its board of directors will meet on November 13, 2025, in Calgary to approve and publish the company’s quarterly results for the periods ending September 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and operational progress, which could impact its market positioning and stakeholder confidence.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. has announced the issuance of shares under a specific mandate to settle debts with its creditors. The company will issue 140,000,000 shares at HK$0.43 per share, representing a significant portion of its share capital. This move is subject to shareholder approval and aims to strengthen the company’s financial position by addressing outstanding debts.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. has announced a further delay in the dispatch of a circular related to a significant acquisition transaction. The circular, which includes details of the acquisition of a 51% equity interest in a target company and the issuance of consideration shares, was initially expected by October 22, 2025, but will now be postponed to on or before November 13, 2025. This delay is due to the need for additional time to prepare and incorporate necessary information. Shareholders and potential investors are advised to exercise caution as the completion of the transaction is subject to certain conditions.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. has entered into an Amended Supplementary Agreement with Renergy Petroleum (Canada) Co., Ltd., extending the Outside Date of their joint operating agreements for the Muskwa and Godin areas to October 20, 2027. This agreement allows Renergy to continue managing all expenditures in these areas, with a stipulation that Renergy must achieve a production level of 500 barrels per day for any consecutive 20 days before the new deadline, or risk forfeiting its working interest. This extension is strategic for Sunshine, given its limited cash flow and existing financial covenants, as it enables continued development without additional capital expenditure from Sunshine.
The most recent analyst rating on (HK:2012) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. announced that it has fully settled the amounts owed to a registered Money Lender in Hong Kong and a third-party individual investor, both of whom were involved in a winding-up petition against the company. The company believes that settling these obligations will not have a material adverse impact on its financial performance or position, as the relevant financial information was already recorded in its financial statements.
The most recent analyst rating on (HK:2012) stock is a Sell with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. has announced a further delay in the dispatch of a circular related to the acquisition of a 51% equity interest in a target company. This delay, now extended to on or before October 22, 2025, is due to the need for additional time to prepare and incorporate necessary information. The delay may impact the completion timeline of the acquisition, and stakeholders are advised to exercise caution.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. has entered into a non-binding strategic cooperation agreement with BitCruiser Incorporated to establish a large-scale Bitcoin mining farm. Sunshine will provide work and accommodation space and energy supply, while BitCruiser will invest in Bitcoin mining equipment and construction. This collaboration marks a diversification from Sunshine’s traditional oil sands focus, potentially impacting its operations and market positioning.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. has entered into a non-binding strategic cooperation agreement with BitCruiser Incorporated to establish a large-scale Bitcoin mining farm. Sunshine will provide work and accommodation space and energy supply, while BitCruiser will invest in Bitcoin mining equipment and construct the mining farm. This collaboration marks a diversification for Sunshine, potentially impacting its operations and market positioning by venturing into the cryptocurrency mining industry.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. announced a discloseable and connected transaction involving the acquisition of a 51% equity interest in a target company. The acquisition will be facilitated through the issuance of consideration shares under a specific mandate. The valuation of the target company was conducted using a discounted cash flow method, which forecasts future cash flows based on assumptions about the company’s future performance. This strategic move is expected to enhance Sunshine Oilsands’ market positioning by expanding its asset base and potentially increasing future profitability.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. announced a delay in the dispatch of a circular related to the acquisition of a 51% equity interest in a target company, which involves the issuance of consideration shares under a specific mandate. The circular, initially expected by September 9, 2025, will now be dispatched by September 30, 2025, due to the need for additional preparation time. Stakeholders are advised to exercise caution as the completion of the acquisition is subject to certain conditions.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. reported a significant decrease in petroleum sales for the first half of 2025, dropping to CAD 0 million from CAD 21.5 million in the same period in 2024, primarily due to equipment maintenance at West Ells. The company also experienced a net operating loss of CAD 2.1 million for Q2 2025, compared to a net operating income of CAD 1.13 million in Q2 2024, and a net loss attributable to owners of CAD 2.0 million, showing improvement from a CAD 11.0 million loss in Q2 2024.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
Sunshine Oilsands Ltd. has faced significant operational challenges, with its West Ells project experiencing a temporary suspension in production due to market volatility, low crude oil prices, and equipment issues. Although operations resumed in April 2022, the company reported zero bitumen production and sales for the first half of 2025. The company’s financial stability is uncertain, relying heavily on financing and cash flow from operations to continue its projects, with doubts about its ability to continue as a going concern.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.