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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

Post by Ingiboyon May 14, 2013 11:59am
220 Views
Post# 21389847

Drifting

Drifting

What was supposed to be an exciting month for PTA has become a disturbing drift backwards in the share price. We reached $.40 on Jan. 23rd and since then we have fallen 30+% as we have increased production.  It is hard to believe a company with an estimated current production of 5,000-6,000 BOPD and manageable debt can be trading at $.275.  I know we have the large share float but regardless it doesn't compute that we should be trading at this level.  Possibly the issue is that El Eden and El Porton are non contributers at this point and we are basically the one trick pony that the market doesn't like.  Also Colombian oil companies as a group have been slammed this past three months so maybe it is just that.

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