VELXQ (Canadian Overseas Petroleum) Net Income (Continuing Operations): $-34.56 Mil (TTM As of Sep. 2023)

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What is Canadian Overseas Petroleum Net Income (Continuing Operations)?

Canadian Overseas Petroleum VELXQ -99.67% Net Income (Continuing Operations) is $-34.56 Mil as of Sep. 2023.

Net Income (Continuing Operations) indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. Canadian Overseas Petroleum's Net Income (Continuing Operations) for the three months ended in Sep. 2023 was $-12.23 Mil. Its Net Income (Continuing Operations) for the trailing twelve months (TTM) ended in Sep. 2023 was $-34.56 Mil.

Canadian Overseas Petroleum  (OTCPK:VELXQ) Net Income (Continuing Operations) Explanation

Net Income (Continuing Operations) excludes extraordinary items, income from the cumulative effects of accounting changes, non-recurring items, income from tax loss carry forward, and preferred dividends.

Canadian Overseas Petroleum Net Income (Continuing Operations) Related Terms

Canadian Overseas Petroleum Net Income (Continuing Operations) Historical Data

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The historical data trend for Canadian Overseas Petroleum's Net Income (Continuing Operations) 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 Net Income (Continuing Operations) Chart

Canadian Overseas Petroleum Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Net Income (Continuing Operations)
Get a 7-Day Free Trial Premium Member Only Premium Member Only -4.92 -3.92 -4.96 -13.54 -45.44

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
Net Income (Continuing Operations) 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 -0.47 -28.19 7.90 -2.04 -12.23

Canadian Overseas Petroleum Net Income (Continuing Operations) Calculation

Net Income (Continuing Operations) indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period.

Net Income (Continuing Operations) for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-34.56 Mil.

* 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.

What does a Net Income (Continuing Operations) of $-34.56 Mil mean?
Canadian Overseas Petroleum (VELXQ) has a Net Income (Continuing Operations) of $-34.56 Mil as of Sep. 2023. Net Income (Continuing operations) is the total net earnings from a company's continuing operations. View historical data on Canadian Overseas Petroleum and its competitors.
Is Canadian Overseas Petroleum's Net Income (Continuing Operations) too high?
Canadian Overseas Petroleum's current Net Income (Continuing Operations) is $-34.56 Mil.
How does Canadian Overseas Petroleum's Net Income (Continuing Operations) compare to COP and EOG?
Canadian Overseas Petroleum's Net Income (Continuing Operations) of $-34.56 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 Net Income (Continuing Operations) for an Oil & Gas company?
A good Net Income (Continuing Operations) depends on the Oil & Gas industry context. However, Net Income (Continuing Operations) 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 Net Income (Continuing Operations) mean?
A high Net Income (Continuing Operations) can signal that a stock is expensive relative to its fundamentals. Net Income (Continuing operations) is the total net earnings from a company's continuing operations. View historical data on Canadian Overseas Petroleum and its competitors. Canadian Overseas Petroleum's current Net Income (Continuing Operations) is $-34.56 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 Net Income (Continuing Operations) of $-34.56 Mil. The current Net Income (Continuing Operations) is $-34.56 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income (Continuing Operations) calculated?
Net Income (Continuing Operations) is calculated from a company's financial statements. For Canadian Overseas Petroleum (VELXQ), the current Net Income (Continuing Operations) is $-34.56 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.