VELXQ (Canadian Overseas Petroleum) Accumulated Depreciation: $-12.63 Mil (As of Sep. 2023)

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Director of Data and Quant Analytics at GuruFocus
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What is Canadian Overseas Petroleum Accumulated Depreciation?

Canadian Overseas Petroleum VELXQ -99.67% Accumulated Depreciation is $-12.63 Mil as of Sep. 2023.

Note: A negative number here means the assets are depreciated. When depricates more, the absolute value gets bigger.

Canadian Overseas Petroleum's quarterly accumulated depreciation increased from Mar. 2023 ($-9.90 Mil) to Jun. 2023 ($-11.30 Mil) and increased from Jun. 2023 ($-11.30 Mil) to Sep. 2023 ($-12.63 Mil).

Canadian Overseas Petroleum's annual accumulated depreciation increased from Dec. 2020 ($-0.25 Mil) to Dec. 2021 ($-3.83 Mil) and increased from Dec. 2021 ($-3.83 Mil) to Dec. 2022 ($-8.84 Mil).

Canadian Overseas Petroleum Accumulated Depreciation Related Terms

Canadian Overseas Petroleum Accumulated Depreciation Historical Data

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The historical data trend for Canadian Overseas Petroleum's Accumulated Depreciation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Canadian Overseas Petroleum Accumulated Depreciation Chart

Canadian Overseas Petroleum Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Accumulated Depreciation
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 -0.02 -0.25 -3.83 -8.84

Canadian Overseas Petroleum Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Accumulated Depreciation Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7.29 -8.84 -9.90 -11.30 -12.63

Canadian Overseas Petroleum Accumulated Depreciation Calculation

The cumulative depreciation of an asset up to a single point in its life. Regardless of the method used to calculate it, the depreciation of an asset during a single period is added to the previous period's accumulated depreciation to get the current accumulated depreciation.

What does a Accumulated Depreciation of $-12.63 Mil mean?
Canadian Overseas Petroleum (VELXQ) has a Accumulated Depreciation of $-12.63 Mil as of Sep. 2023. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Canadian Overseas Petroleum and its competitors.
Is Canadian Overseas Petroleum's Accumulated Depreciation too high?
Canadian Overseas Petroleum's current Accumulated Depreciation is $-12.63 Mil.
How does Canadian Overseas Petroleum's Accumulated Depreciation compare to COP and EOG?
Canadian Overseas Petroleum's Accumulated Depreciation of $-12.63 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Accumulated Depreciation for an Oil & Gas company?
A good Accumulated Depreciation depends on the Oil & Gas industry context. However, Accumulated Depreciation should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Accumulated Depreciation mean?
A high Accumulated Depreciation can signal that a stock is expensive relative to its fundamentals. Accumulated depreciation is a contra-asset item that accounts for the decline in value of long-term assets. View historical data on Canadian Overseas Petroleum and its competitors. Canadian Overseas Petroleum's current Accumulated Depreciation is $-12.63 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canadian Overseas Petroleum stock overvalued right now?
Canadian Overseas Petroleum (VELXQ) has a current Accumulated Depreciation of $-12.63 Mil. The current Accumulated Depreciation is $-12.63 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Accumulated Depreciation calculated?
Accumulated Depreciation is calculated from a company's financial statements. For Canadian Overseas Petroleum (VELXQ), the current Accumulated Depreciation is $-12.63 Mil as of Sep. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Canadian Overseas Petroleum Business Description

Industry EnergyOil & Gas
Address 715 - 5th Avenue South West, Suite 3200, Calgary, AB, CAN, T2P 2X6
Canadian Overseas Petroleum Ltd is an international oil and gas exploration, development and production company pursuing opportunities in the United States with operations in Converse County Wyoming, and in sub-Saharan Africa and independently in other countries. The company's Wyoming operations are environmentally responsible with minimal gas flaring and methane emissions combined with electricity sourced from a neighboring wind farm to power production facilities.