VELXQ (Canadian Overseas Petroleum) Other Operating Expense: $18.21 Mil (TTM As of Sep. 2023)

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What is Canadian Overseas Petroleum Other Operating Expense?

Canadian Overseas Petroleum VELXQ -99.67% Other Operating Expense is $18.21 Mil as of Sep. 2023.

Canadian Overseas Petroleum's Other Operating Expense for the three months ended in Sep. 2023 was $4.63 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Sep. 2023 was $18.21 Mil.

Canadian Overseas Petroleum's quarterly Other Operating Expense declined from Mar. 2023 ($3.15 Mil) to Jun. 2023 ($2.81 Mil) but then increased from Jun. 2023 ($2.81 Mil) to Sep. 2023 ($4.63 Mil).

Canadian Overseas Petroleum's annual Other Operating Expense increased from Dec. 2020 ($0.42 Mil) to Dec. 2021 ($4.71 Mil) and increased from Dec. 2021 ($4.71 Mil) to Dec. 2022 ($13.21 Mil).

Canadian Overseas Petroleum Other Operating Expense Historical Data

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The historical data trend for Canadian Overseas Petroleum's Other Operating Expense 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 Other Operating Expense Chart

Canadian Overseas Petroleum Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Other Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.00 0.42 4.71 13.21

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
Other Operating Expense 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 2.86 7.62 3.15 2.81 4.63

Canadian Overseas Petroleum Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense 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 $18.21 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 Other Operating Expense of $18.21 Mil mean?
Canadian Overseas Petroleum (VELXQ) has a Other Operating Expense of $18.21 Mil as of Sep. 2023. Other operating expenses that a company records on its income statement. View historical data on Canadian Overseas Petroleum and its competitors.
Is Canadian Overseas Petroleum's Other Operating Expense too high?
Canadian Overseas Petroleum's current Other Operating Expense is $18.21 Mil.
How does Canadian Overseas Petroleum's Other Operating Expense compare to COP and EOG?
Canadian Overseas Petroleum's Other Operating Expense of $18.21 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 Other Operating Expense for an Oil & Gas company?
A good Other Operating Expense depends on the Oil & Gas industry context. However, Other Operating Expense 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 Other Operating Expense mean?
A high Other Operating Expense can signal that a stock is expensive relative to its fundamentals. Other operating expenses that a company records on its income statement. View historical data on Canadian Overseas Petroleum and its competitors. Canadian Overseas Petroleum's current Other Operating Expense is $18.21 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 Other Operating Expense of $18.21 Mil. The current Other Operating Expense is $18.21 Mil. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Other Operating Expense calculated?
Other Operating Expense is calculated from a company's financial statements. For Canadian Overseas Petroleum (VELXQ), the current Other Operating Expense is $18.21 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.