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

Sign In

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

or

Please Try Again {{ error }}

Send my password

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

Comment by Whitehellon Nov 09, 2013 10:10am
256 Views
Post# 21891243

RE:RE:NR and beyond into Q1 , 2014

RE:RE:NR and beyond into Q1 , 2014
My opinion only :

Delay without a NR that clearly updates the schedules for testing and drilling from all field for the remaining of 2013 seems to have scared off some investor.

Until PTA can assure diversification of their operation (not all-in on the LM field), therefore increasing their reserve by the addition of LC field and La-curiara (and La-guira if we're lucky), i think investor will still be cautious and we might see it stay on these range. That's why i think the LC2 news and La-guira is really important at this point.

Beyond that, the next Really important milestone will probably be the 51-101 in March. It should includes, addition from the LC field (actually no reserve from LC field were in the last 51-101), the la curiara should also add a little (not much), LM field will probably be adding 2 to 2,5 MMBL with all the appraisal and the delianation that has been made over the year. And finally, may have a joker on Laguira, but we'll see probably next week. Which mean we could really be looking at an important increase in reserve and in NAV.

I think the RLI will probably stay a little lower than we would like because even though the reserve will increase greatly at YE, production was about 4k last year and we might finish this year with a production between 7k-8k so the reserve increase might be counterbalance by the increase in production.

But if we can get the NAV2P(AT10%) from the last report 161 MM$ to about 320 MM$, this could get really interesting as the actual Mkt cap is actually around 175 MM$ i think...

any other opinion ?
white
 




<< Previous
Bullboard Posts
Next >>