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MX Oil - tax question answered - this is good news: speculative buy

By Tom Winnifrith | Thursday 4 February 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I suspect some MX Oil (MXO) shareholders might be surprised to hear this but I have good news for you. Ther historic losses of the PLC in the days before it was MX Oil CAN be carried forward and that means there will be no tax paid on the disposal of Aje. This is good news.


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