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Sunshine Oilsands (2012) AI Stock Analysis
Sunshine Oilsands
(HKEX:2012)
The overall score is severely depressed by the company's financial collapse, marked by zero revenue, insolvency, and deep cash burn. While short-term technicals show some positive momentum, this is overshadowed by the long-term downtrend and fundamentally broken valuation. The company is in a state of extreme financial distress, representing a very high-risk profile.
Sunshine Oilsands (2012) vs. iShares MSCI Hong Kong ETF (EWH)
- Market Cap
- HKD 7.20M
- Dividend Yield
- ―
- Average Volume (3M)
- 1.55M
- Price to Earnings (P/E)
- -0.5
- Beta (1Y)
- 0.19
- Revenue Growth
- -100.00%
- EPS Growth
- 69.60%
- Country
- Hong Kong
- Employees
- 14
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Exploration & Production
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 leases,...
Sunshine Oilsands Financial Statement Overview
Summary
Financial performance is critically distressed. Revenue has collapsed to zero, net losses are deepening (-$41.8M TTM), and the balance sheet is insolvent with negative equity. Cash flow is consistently negative, indicating a severe cash burn with no operational coverage for losses.
Income Statement
1Very NegativeBalance Sheet
1Very NegativeCash Flow
1Very Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 30.66M | 30.24M | 15.63M | 144.00K |
| Gross Profit | -6.66M | -10.49M | -1.06M | -18.12M | -19.05M | -8.91M |
| EBITDA | -9.50M | -20.92M | -14.74M | -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
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:2012, the sentiment is Negative. The current price of 0.17 is below the 20-day moving average (MA) of 0.19, below the 50-day MA of 0.18, and below the 200-day MA of 0.28, indicating a bearish trend. The MACD of -0.00 indicates Positive momentum. The RSI at 42.77 is Neutral, neither overbought nor oversold. The STOCH value of 7.08 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:2012.
Sunshine Oilsands Peers Comparison
Overall Rating
HK:046765Neutral
HK:060350Neutral
HK:034644Neutral
HK:063243.8Neutral- HK:201242Neutral
HK:339539Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 65Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
| HK:0467 | 65Neutral | HKD 11.69B | 8.69 | 9.74% | 11.11% | 28.37% | 2.99% |
| HK:0603 | 50Neutral | HKD 533.89M | 22.60 | 0.62% | ― | -6.95% | -85.71% |
| HK:0346 | 44Neutral | HKD 258.52M | -0.34 | -145.09% | ― | -35.93% | -1566.95% |
| HK:0632 | 44Neutral | HKD 87.01M | 6.50 | 4.56% | ― | -79.30% | ― |
| HK:2012 | 42Neutral | HKD 143.40M | -0.48 | -206.81% | ― | -100.00% | 69.60% |
| HK:3395 | 39Underperform | HKD 187.77M | -1.41 | 25.28% | ― | 16.28% | 34.47% |
* Energy Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HK:2012 | Sunshine Oilsands | 0.17 | -0.25 | -59.52% | |
| HK:0603 | China Oil & Gas Group | 0.11 | -0.07 | -36.87% | |
| HK:0632 | Chk Oil Limited | 0.09 | -0.31 | -77.53% | |
| HK:0467 | United Energy Group | 0.45 | -0.05 | -10.00% | |
| HK:3395 | JX Energy Ltd. | 0.22 | -0.10 | -32.50% | |
| HK:0346 | Yanchang Petroleum International Limited | 0.23 | -0.17 | -41.25% |
Sunshine Oilsands Corporate Events
Sunshine Oilsands Delays Key Circular on Convertible Bond Deal Again
Sunshine Oilsands announced a further delay in sending a key circular to shareholders regarding a proposed subscription of convertible bonds under a specific mandate for debt settlement and related connected transactions. The circular, which was prev...
Sunshine Oilsands Delays Share Placing Circular Again Amid Revised Terms
Sunshine Oilsands has announced a further delay in sending a shareholder circular related to a proposed share placing under a specific mandate, following multiple prior extensions and amendments. The circular, which will detail revised placing terms...
Sunshine Oilsands Sets Board Meeting to Approve Third-Quarter 2026 Results
Sunshine Oilsands Ltd., a Hong Kong-listed Canadian oil sands developer, has scheduled a board meeting in Calgary on November 10, 2026, to review its latest financial performance. The company focuses on upstream oil sands projects in Alberta and serv...
Sunshine Oilsands to Appeal Court-Backed Orphan Well Takeover Bid
Sunshine Oilsands Ltd. has received a Canadian court judgment supporting the Orphan Well Association’s application to take over one of the company’s projects, following an order by the Alberta Energy Regulator and related arrears. The mov...
Sunshine Oilsands Mounts Legal and Strategic Response to West Ells Abandonment Order
Sunshine Oilsands Ltd., a Hong Kong-listed Canadian oil sands operator, is grappling with regulatory demands around its West Ells project, its key producing asset. The firm is simultaneously pursuing diversification into new business lines aimed at s...
Sunshine Oilsands pivots toward renewables with 33-year Liaoning heat pump deal
Sunshine Oilsands, via its renewable energy subsidiary Shenzhen Zhongwang Energy, has signed a 33-year energy management contract with the East Sifangtai Government in Liaoning Province to convert coal-fired boilers in a government office building to...
Sunshine Oilsands Settles Debt in Hong Kong Winding-Up Petition
Sunshine Oilsands Ltd. is a Calgary-based public company listed in Hong Kong that develops oil sands and heavy oil leases in Alberta’s Athabasca region. It holds oil sands, petroleum and natural gas interests and is advancing its West Ells proj...
Sunshine Oilsands Postpones Special Meeting and Cancels Record Date for Share Placing
Sunshine Oilsands Ltd., a Calgary-based energy producer listed in Hong Kong, is focused on developing its extensive oil sands, petroleum and natural gas leases in Canada’s Athabasca region. With interests in about one million acres, the company...
Sunshine Oilsands Details HK$6.99 Million Share Subscription and Debt Repayment Plan
Sunshine Oilsands has provided further details on its previously announced subscription of new shares under a general mandate, stating that it expects to raise gross and net proceeds of about HK$6.99 million with no material expenses payable. The com...
Sunshine Oilsands Plans HK$6.99 Million Share Subscription Under General Mandate
Sunshine Oilsands has entered into a subscription agreement to issue 43.7 million new shares under its existing general mandate, priced at HK$0.16 each for total proceeds of about HK$6.99 million. The subscription price is in line with the recent fiv...
Sunshine Oilsands Faces HK$1.6 Million Tenancy Claim Over Former Hong Kong Office
Sunshine Oilsands Ltd. has disclosed that it received a Writ of Summons from Hong Kong’s District Court related to a tenancy agreement for its former Hong Kong office. The plaintiffs, ISTRIL Limited and Charter Year Limited, allege unpaid rent,...
Sunshine Oilsands to Issue Discounted Shares to Settle Debt
Sunshine Oilsands has agreed to issue new shares under its existing general mandate to settle outstanding debts owed to certain creditors, converting liabilities into equity. The shares will be issued at HK$0.171, a discount to recent market prices,...
Sunshine Oilsands Sets Record Date and Special Meeting for Major Share Placing
Sunshine Oilsands has called a special shareholders’ meeting for October 12, 2026 Calgary time, or October 13, 2026 Hong Kong time, to seek approval for a revised share placing under a specific mandate. The meeting will consider the proposed is...
Sunshine Oilsands Moves to Settle Bond Debt Amid Hong Kong Winding-Up Petition
Sunshine Oilsands has disclosed further details on a winding-up petition filed in Hong Kong by individual bond investor Ms. Chu Wai Man, who holds a US$1 million bond that matured in January 2026 and remains partially unpaid. The company owes US$657,...
High Court Ruling Clears Path for Sunshine Oilsands Share Issuance and Confirms Interim Receivers’ Voting Rights
Sunshine Oilsands has received a new order from the High Court of Hong Kong granting interim receivers the right to attend shareholder meetings and exercise voting rights over more than 162 million of its shares, including at an upcoming general meet...
Sunshine Oilsands Relocates Principal Hong Kong Office
Sunshine Oilsands Ltd. has changed its principal place of business in Hong Kong to Rooms 1707-8, 17/F., New World Tower 1, 16-18 Queen’s Road Central, Central, Hong Kong, effective September 1, 2026. The move signals an administrative relocatio...
Sunshine Oilsands Extends Deadline for Debt-Settling Convertible Bond Issue
Sunshine Oilsands Ltd. has agreed with its subscriber to extend the closing date for a proposed issue of convertible bonds intended to settle existing debts. The deadline has been moved from August 31, 2026 to February 28, 2027, with the option of a...
Sunshine Oilsands Delays Convertible Bond Circular Again
Sunshine Oilsands has announced a further postponement in sending a shareholder circular related to a connected transaction involving a proposed subscription of convertible bonds under a specific mandate for debt settlement. The circular, which will...
Sunshine Oilsands Moves Into AI With Beidaihe Joint Venture
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, Qi...
Sunshine Oilsands Delays Key Circular as Share Placing Terms Revised
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 to...
Sunshine Oilsands to Appeal Alberta Energy Regulator Decision After Order Is Upheld
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 company’...
Sunshine Oilsands CEO Doug Brown Resigns; Board Initiates Successor Search
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 beg...
Sunshine Oilsands Flags Going-Concern Risks Amid West Ells Production Halt
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 Jun...
Sunshine Oilsands Swings to Equity Deficit as West Ells Shutdown Wipes Out Sales
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 wider...
Sunshine Oilsands details funding, regulatory path to production restart
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 the...
Sunshine Oilsands faces Hong Kong winding-up petition over bond dispute
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 Kong&#...
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.
Date of analysis: Oct 13, 2026