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Sunshine Oilsands
(2012)
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Rating:41Neutral
Price Target:
HK$0.21
â–Ľ(-2.38% Downside)
Action:Upgraded
Date:08/25/26
The score is driven primarily by very weak financial performance—zero TTM revenue, persistent losses, negative cash flow, and negative equity with high debt. Technicals provide only modest support (short-term strength but longer-term downtrend and negative MACD), while valuation is not supportive due to ongoing losses and no dividend yield data.
Positive Factors
Oil Sands Resource Optionality
The company holds exposure to potentially long-lived oil sands resources in Alberta. If technical and commercial hurdles are resolved, these assets could support future bitumen production or strategic monetization.
Negative Factors
No Current Revenue and Persistent Losses
The absence of reported revenue means the company has not established a productive operating base, while recurring losses indicate an uneconomic cost structure. Sustained development without commercial income increases dependence on external funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Oil Sands Resource Optionality
The company holds exposure to potentially long-lived oil sands resources in Alberta. If technical and commercial hurdles are resolved, these assets could support future bitumen production or strategic monetization.
Read all positive factors
Sunshine Oilsands (2012) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$155.08M
Dividend YieldN/A
Average Volume (3M)5.96M
Price to Earnings (P/E)―
Beta (1Y)0.60
Revenue Growth-100.00%
EPS Growth69.60%
CountryHK
Employees14
SectorEnergy
Sector Strength52
IndustryOil & Gas Exploration & Production
Share Statistics
EPS (TTM)-0.06
Shares Outstanding711,354,430
10 Day Avg. Volume15,592,884
30 Day Avg. Volume5,960,400
Financial Highlights & Ratios
PEG Ratio0.03
Price to Book (P/B)1.09
Price to Sales (P/S)0.00
P/FCF Ratio-7.55
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sunshine Oilsands Business Overview & Revenue Model
Company Description
Sunshine Oilsands Ltd. is an energy company primarily engaged in exploring for and producing bitumen and crude oil from its properties within Alberta, Canada's Athabasca oil sands region. The company manages a diverse collection of oil sands lease...
How the Company Makes Money
In 2012, publicly available information indicates Sunshine Oilsands was primarily a pre-production oil sands developer, so recurring operating revenue from hydrocarbon sales is not clearly disclosed; null. The company’s ability to fund operations ...
Sunshine Oilsands Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
7
Very Negative
Cash Flow
14
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 30.66M | 30.24M | 15.63M | 144.00K |
| Gross Profit | -6.71M | -10.49M | -1.06M | -18.12M | -19.05M | -8.91M |
| EBITDA | -9.50M | -20.92M | -16.45M | -891.00K | -53.10M | 49.23M |
| Net Income | -41.79M | -12.41M | -75.39M | -19.33M | -65.40M | 1.47M |
Balance Sheet | ||||||
| Total Assets | 736.23M | 736.04M | 739.02M | 745.93M | 747.72M | 755.72M |
| Cash, Cash Equivalents and Short-Term Investments | 739.96K | 1.06M | 841.00K | 1.02M | 542.00K | 312.00K |
| Total Debt | 357.47M | 353.02M | 383.21M | 351.05M | 352.77M | 307.91M |
| Total Liabilities | 738.87M | 707.91M | 722.17M | 654.88M | 637.71M | 579.36M |
| Stockholders Equity | -529.68K | 30.04M | 18.44M | 92.27M | 111.01M | 177.05M |
Cash Flow | ||||||
| Free Cash Flow | -4.72M | -4.32M | -4.30M | -10.37M | -22.92M | -12.71M |
| Operating Cash Flow | -4.72M | -4.20M | -2.97M | -7.59M | -21.32M | -9.89M |
| Investing Cash Flow | 1.32M | -119.03K | -735.00K | -2.77M | -1.59M | -2.81M |
| Financing Cash Flow | 10.46M | 6.68M | 3.52M | 10.37M | 23.13M | 12.13M |
Sunshine Oilsands Technical Analysis
Positive
0.21
Price Trends
0.20
Positive
0.27
Negative
0.34
Negative
Market Momentum
>-0.01
Negative
58.26
Neutral
71.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2012, the sentiment is Positive. The current price of 0.21 is above the 20-day moving average (MA) of 0.19, above the 50-day MA of 0.20, and below the 200-day MA of 0.34, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 58.26 is Neutral, neither overbought nor oversold. The STOCH value of 71.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HK:2012.
Sunshine Oilsands Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$9.87B | 8.97 | 8.60% | 13.33% | 9.52% | -28.22% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
46 Neutral | HK$566.97M | -13.91 | -1.09% | ― | -14.14% | -59.17% | |
46 Neutral | HK$177.84M | 9.95 | 6.66% | ― | -61.60% | ― | |
44 Neutral | HK$254.12M | -0.34 | -82.00% | ― | -40.63% | -1501.63% | |
42 Neutral | HK$171.25M | -1.27 | 25.28% | ― | 16.28% | 34.47% | |
41 Neutral | HK$155.08M | -0.59 | -113.92% | ― | -100.00% | 69.60% |
* Energy Sector Average
HK:2012
Sunshine Oilsands
0.21
-0.32
-60.00%
HK:0603
China Oil & Gas Group
0.12
-0.05
-28.40%
HK:0632
CHK Oil
0.19
-0.30
-61.86%
HK:0467
United Energy Group
0.39
-0.20
-33.90%
HK:3395
JX Energy Ltd.
0.20
-0.14
-42.35%
HK:0346
Yanchang Petroleum International Limited
0.23
-0.19
-45.00%
Sunshine Oilsands Corporate Events
Sunshine Oilsands Moves Into AI With Beidaihe Joint Venture
Aug 23, 2026
Sunshine Oilsands’ wholly owned subsidiary Sangxiang Petrochemical has formed a new joint venture, Geo-Energy Intelligent Computing Artificial Intelligence (Beidaihe) Co., Ltd., with several independent Chinese partners in Beidaihe District,...
Sunshine Oilsands Delays Key Circular as Share Placing Terms Revised
Aug 20, 2026
Sunshine Oilsands has announced a further delay in sending a shareholder circular related to a revised share placing under a specific mandate, following multiple earlier extensions and amendments. The company and its placing agent recently agreed ...
Sunshine Oilsands to Appeal Alberta Energy Regulator Decision After Order Is Upheld
Aug 19, 2026
Sunshine Oilsands Ltd., a Calgary-based oil sands producer listed in Hong Kong, focuses on developing its Athabasca-region holdings, including operational Phase 1 production at the West Ells project targeting 5,000 barrels per day. The companyR...
Sunshine Oilsands CEO Doug Brown Resigns; Board Initiates Successor Search
Aug 13, 2026
Sunshine Oilsands announced that Chief Executive Officer Doug Brown has resigned effective August 12, 2026, citing a desire to devote more time to personal affairs and confirming he has no disagreement with the board or the company. The board has ...
Sunshine Oilsands Flags Going-Concern Risks Amid West Ells Production Halt
Aug 12, 2026
Sunshine Oilsands reports that its West Ells Phase I thermal project, with capacity of 5,000 barrels per day toward a planned 10,000 barrels per day, remains suspended, resulting in zero bitumen and Dilbit sales for the three and six months ended ...
Sunshine Oilsands Swings to Equity Deficit as West Ells Shutdown Wipes Out Sales
Aug 12, 2026
Sunshine Oilsands reported that petroleum sales net of royalties remained at zero for the first half of 2026, with average dilbit sales also at zero, largely due to equipment maintenance at its West Ells project. The company recorded a sharply wid...
Sunshine Oilsands details funding, regulatory path to production restart
Aug 10, 2026
Sunshine Oilsands has outlined a series of measures to address a going concern disclaimer in its 2025 annual report, including repair and maintenance work to comply with Alberta Energy Regulator requirements and plans to resume production between ...
Sunshine Oilsands faces Hong Kong winding-up petition over bond dispute
Aug 5, 2026
Sunshine Oilsands Ltd. has disclosed that an independent bond investor has filed a winding-up petition in the High Court of Hong Kong over an alleged unpaid financial obligation of about US$657,000. The petition triggers legal risks under Hong Kon...
Sunshine Oilsands Delays Key Circular on Convertible Bond Debt Financing
Jul 31, 2026
Sunshine Oilsands has announced a further delay in sending a shareholder circular relating to a proposed subscription of convertible bonds under a specific mandate to settle debts. The circular, which will detail the transaction, board recommendat...
Sunshine Oilsands Extends Share Placement and Cuts Price While Boosting Issue Size
Jul 30, 2026
Sunshine Oilsands has agreed with placing agent Cheer Union Securities to extend the closing date of its planned share placement from July 31, 2026 to December 31, 2026, allowing more time to complete the issuance of new shares under a specific ma...
Sunshine Oilsands Sets Board Meeting to Approve Mid-2026 Interim Results
Jul 29, 2026
Sunshine Oilsands Ltd., a Canada-based oil sands developer listed in Hong Kong, operates through multiple subsidiaries and is overseen by a mixed board of executive, non-executive and independent directors. Its corporate activities are managed fro...
Sunshine Oilsands Deal for 51% Stake Lapses After Conditions Unmet
Jun 30, 2026
Sunshine Oilsands has allowed a planned acquisition of a 51% equity stake in a target company to lapse after conditions precedent in the equity agreement were not met by the June 30, 2026 long stop date. As a result, the transaction, which involve...
Sunshine Oilsands Delays Key Circular on Convertible Bond Deal
Jun 30, 2026
Sunshine Oilsands has postponed the dispatch of a shareholder circular related to a proposed subscription of convertible bonds under a specific mandate, which is intended to help settle existing debts. The circular, originally expected by June 30,...
Sunshine Oilsands Chairman Meets Court Disclosure Deadline as Company Awaits Further Orders
Jun 25, 2026
Sunshine Oilsands has disclosed that its executive chairman, Kwok Ping Sun, has complied with a June 18, 2026 court order by submitting required information through legal counsel to the legal representatives of PwC by the June 24 deadline. The com...
Sunshine Oilsands Wins Shareholder Backing for Major Share Placing Mandate
Jun 24, 2026
Sunshine Oilsands shareholders have approved an ordinary resolution authorizing the placing of up to 114,280,000 new shares under a placing agreement, following a special meeting held in Hong Kong and Calgary. The vote, overseen by Computershare H...
Sunshine Oilsands shareholders back all resolutions at annual meeting
Jun 22, 2026
Sunshine Oilsands shareholders approved all resolutions put to vote at the company’s annual general meeting held in Hong Kong and Calgary in late June 2026. Investors received and endorsed the audited consolidated financial statements for th...
Court Freezes Sunshine Oilsands’ Board and Share Changes Pending Shareholding Disclosure
Jun 18, 2026
Sunshine Oilsands disclosed that interim receivers applied to the Hong Kong High Court to recognize their rights to vote shares held by Executive Chairman Kwok Ping Sun and Prime Union Enterprises, but the court declined to grant the order. Instea...
Sunshine Oilsands Forms Chinese Geothermal Joint Venture to Diversify Revenue
Jun 11, 2026
Sunshine Oilsands has formed a new joint venture, Shanghai Yinsheng Energy, with Shanghai Yinsheng Business Consulting, giving its Shenzhen Zhongwang Energy unit a 51% controlling stake and ensuring the venture’s results will be consolidated...
Sunshine Oilsands Clarifies Typographical Error in AGM Proxy Form
Jun 2, 2026
Sunshine Oilsands has issued a clarification regarding a typographical error in the resolution numbering on its previously circulated proxy form for the upcoming annual meeting, stressing that the corresponding notice of meeting remains entirely a...
Sunshine Oilsands Further Delays Key Circular on Convertible Bond Plan
May 29, 2026
Sunshine Oilsands Ltd. has again postponed the dispatch of a shareholder circular related to a proposed subscription of convertible bonds under a specific mandate intended, among other things, for debt settlement. The circular, which will outline ...
Sunshine Oilsands Further Delays Circular on Planned 51% Acquisition
May 29, 2026
Sunshine Oilsands Ltd. has announced a further postponement in sending to shareholders a key circular related to its planned acquisition of a 51% equity interest in a target company, a deal to be funded through the issuance of consideration shares...
Sunshine Oilsands Sets 2026 AGM to Vote on Directors, Capital Mandates and Governance Changes
May 29, 2026
Sunshine Oilsands has called its annual general meeting for June 22, 2026 in Hong Kong, where shareholders will review the 2025 audited financial statements, set the number of directors, and vote on the re-election of seven board members, includin...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.