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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

Comment by Whitehellon Oct 06, 2013 11:02am
406 Views
Post# 21794583

RE:RE:RE:Missed opportunity

RE:RE:RE:Missed opportunity
Just to add something on the matter... if you look at PTA's corporate presentation, as at august 31, 2013, the production was 12000 (6000 net to PTA) and we can see that LM5 was still shut down, LM10 wasn't online yet. and no sign of LM12 and LM 14 too. So, when all those gets online, what numbers can we expected ? since PXT is the operator, will they put all the well online or since that their trying to manage the field rate ? if they put everything online, LM5 add another 3k to prod, LM 12 isn't for me a complete success with the 25 % watercut, but we'll see. LM14 we don't have any number yet. and LM10 is around 1k. So once all is operational, we could see the LM field ahead of 16 k without taken into account LM14 results. which mean 8k net to PTA. After that, we have to wait for LC2 results and Lc1 long term test to see if we can get ahead of 10 k....
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