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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 29, 2013 10:38pm
191 Views
Post# 21860415

RE:RE:Hockey agree on some of what you have said.

RE:RE:Hockey agree on some of what you have said.Agree about the SP and the end of november... about the speculation part, it's not speculation, it's in either PXT or PTA PR (except maybe the Workover rig of la-guira which i think is just poeple guessing)

about LC2 :

"Following the demobilization of the drilling rig
, which is being moved to the Rumi-1 exploration prospect also located on the El Eden block, it is expected that a work-over rig will be brought in to test the Mirador Formation."

which suggest that at the time the news was release it wasn't yet demobilize. As to know if a work over rig is already in place, with the numerous delay on LC2, i don't believe it was just laying there since LC2 was suppose to be done months ago...

Also, in PXT news release :
"Following the demobilization of the drilling rig, we will engage a work-over rig to test the Mirador Formation... "

doesn't sound to me that it was lying around...

As for LC1, PXt clearly state it will be online "during november", which doesn't mean start of november, so maybe 1 to 4 weeks before any news on that one...

About La-guira :

they only states that the drilling rig was release on october 22, so probably just a guess that they will be testing using a work over rig, i would also add that the fact that PXT states :

"Following testing at La Guira-1, Parex expects to move the drilling rig to Akira"

seems to suggest to me that they are not going to test it with a workover rigs... someone can state that he(she) talked to the company and has an clear answer on this one ? so maybe this one could be release faster...we'll see...


I agree with you, probably end of november will be the next important catalyst for PTA...(Q3 release should week of 24 november i think...)


Later




white




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