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Sunshine Oilsands
(OTC: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 |
|---|---|---|---|---|---|---|---|
62 Neutral | HK$172.21M | 2.37 | 30.00% | ― | 181.77% | 85.52% | |
44 Neutral | HK$221.23M | -1.56 | 74.05% | ― | -41.07% | 22.63% | |
43 Neutral | HK$356.34M | -17.30 | ― | ― | -2.17% | 63.26% | |
41 Neutral | $282.82M | ― | -126.50% | ― | -76.62% | -2.66% | |
40 Underperform | HK$118.31M | -0.30 | 14.49% | ― | -18.76% | -76.89% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
Sunshine Oilsands Corporate Events
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.
Sunshine Oilsands Ltd. has announced that a winding-up petition has been filed against it by Keystone Finance Limited in the High Court of the Hong Kong Special Administrative Region due to a financial obligation of HK$3,106,295. The company plans to oppose the petition, as it believes it does not represent the interests of its stakeholders and could impair the company’s value. The petition, if successful, could void any property disposition or share transfer made after the filing date unless validated by the High Court, potentially affecting shareholder and investor actions.
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 Equity Purchase Agreement to acquire a 51% equity interest in a target company, making it a subsidiary. The acquisition will be completed through the issuance of consideration shares, which will require approval from independent shareholders. This transaction is classified as a disclosable and connected transaction under the Hong Kong Stock Exchange Listing Rules, necessitating certain reporting and approval procedures.
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 August 28, 2025, to approve the interim results and report for the three and six months ended June 30, 2025. This meeting is significant as it will provide insights into the company’s financial performance and operational progress, impacting stakeholders and potentially influencing market perceptions.
Sunshine Oilsands Ltd. has announced an update regarding its financial statements’ going concern basis for the year ended December 31, 2024. The company has faced delays in resuming production due to the suspension affecting its ability to raise funds for necessary repair and maintenance work to meet Alberta Energy Regulator requirements. The company is actively pursuing the Nobao asset acquisition and expects to raise funds within two months post-acquisition to complete the required repairs. However, an appeal with the AER may delay production resumption until the end of the first quarter of 2026. The company is also working on reducing leverage by settling creditors through share issuance.