Bullboard - Stock Discussion Forum Bellatrix Exploration Ltd (Canada) BXEFF

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Bellatrix Exploration Ltd is a Canada-based oil and gas company, engaged in the exploration, acquisition, development, and production of oil and natural gas reserves in the provinces of Alberta, British Columbia, and Saskatchewan. It primarily focuses on developing its two core resource plays, the Cardium and the Notikewin/Falher intervals in Western Canada. The Notikewin/Falher in Alberta's... see more

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Bellatrix Exploration Ltd (Canada) > relisted

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Post by PPocklington on Nov 24, 2019 11:52pm

relisted

when will it be relisted so i can realize my loss?

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Comment by Kherson on Nov 26, 2019 12:01am

Never... Kherson

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Comment by Hendrick3 on Nov 27, 2019 12:09pm

You can realize your loss without selling it if you are a Canadian taxpayer. You simply do an election that because the company is in receivership the proceeds are likely 0. I can't remember the election number but google election for delisted receivership and there are a number of articles. If you elect that you will receive 0 you can claim your loss this tax year. Any proceeds you receive ...more

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Comment by Hendrick3 on Nov 27, 2019 12:45pm

Section 50 (1) election will allow you to recognize the loss under Canadian tax rules.

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Comment by HARJAY on Nov 27, 2019 2:09pm

Only if its in a taxable acct. , if its in your RRSP or your TFSA , its just a staright loss without any benefit of using that loss against any gains you hve in a taxable acct.

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