Mentor Capital, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
April 15, 2021 at 07:57 am
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Mentor Capital, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was USD 4.825 million compared to USD 4.326 million a year ago. Operating loss was USD 1.074 million compared to USD 1.745 million a year ago. Net loss was USD 726,025 compared to USD 3.436 million a year ago. Basic loss per share from continuing operations was USD 0.032 compared to USD 0.149 a year ago.
Mentor Capital, Inc. is a public energy company. The Company targets the classic energy sectors of oil and gas, coal, uranium, and their related operations, with already established cash flows, especially through royalty payments. Its classic energy segment includes the fair value of securities investments in oil and gas through Exxon Mobil Corp. (XOM) stock, Occidental Petroleum Corp. (OXY) stock, and Chevron Corp. (CVX) stock, uranium through Cameco Corp. (CCJ) stock, and coal through Arch Resources, Inc. (ARCH) stock. It maintains a diverse and opportunistic acquisition focus. It also invests in its larger pre-initial public offering (IPO)-related acquisitions and fundings. Its subsidiaries include Mentor IP, LLC (MCIP), Mentor Partner I, LLC, (Partner I), Mentor Partner II, LLC (Partner II), and TWG, LLC (TWG).