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Bellatrix Exploration Ltd (Canada) BXEFF

Energy
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 deep basin boasts abundant, liquids-rich natural gas with compelling economics. The Cardium is a highly e


GREY:BXEFF - Post by User

Bellatrix Exploration Ltd (Canada) > relisted
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Comment by Hendrick3on Nov 27, 2019 12:09pm
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Post# 30398381

RE:RE:relisted

RE:RE:relistedYou 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 thereafter are a capital gain in the year you receive them. 
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