Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Cohen & Steers Tax-Adv Pref Secs and Inc Fund V.PTA


Primary Symbol: PTA

The Funds primary investment objective is high current income. The Funds secondary investment objective is capital appreciation The Fund seeks to achieve its investment objectives by investing at least 80% of its managed assets (i.e., net assets plus assets obtained through leverage) in a portfolio of preferred and other income securities issued by U.S. and non-U.S. companies, which may be either exchange-traded or available over-the-counter. In pursuing its investment objectives, the Fund seeks to achieve favorable after-tax returns for its shareholders by seeking to minimize the U.S. federal income tax consequences on income generated by the Fund. There can be no assurance that the Fund will achieve its investment objectives.


NYSE:PTA - Post by User

Cohen & Steers Tax-Adv Pref Secs and Inc Fund > Results are out and I like what I see.
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(3541)
•••
Comment by mousermanon May 15, 2015 12:04am
196 Views
Post# 23731365

RE:RE:RE:Results are out and I like what I see.

RE:RE:RE:Results are out and I like what I see.Good news? The price of oil has moved up and PTA has cut costs.
The bad news?  Cash in the bank keeps decreasing despite PTA doing no drilling , reserves are being depleted and not replaced, and expect another crappy Q as the next 2 months production will be under 4000 bbls per day if there are no more problems. This guidance for the first half is 4200 boe average, and the first 3 months were nearly 4600. April production was down to around 4000 and likely the next 2 months will be less.
So cash flow? It will be down, unless oil makes a jump, and that is a big if. Many are calling for another drop in oil prices.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities