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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 Whitehellon Jan 10, 2014 11:44am
427 Views
Post# 22078252

my impression only

my impression onlyWhen i was reading the NR, yeah the wells aren't so bad, and those oïl discovery will increase the reserve report that should be coming in the next 1-2 month... but what struck me most was the 2014 guidance. Why are all other oïl&gas able to make a decent estimate of future production including their exploration activity therefore, helping investor make a good decision ; while on the other hand, PTA's guidance is based on actual production minus 1000 bopd (which i assume is accounting for all possible decline in a worst case scenario) and saying something that really sounds like : "Well folks, we have no f(%king idea what's going to happen, so today were at 6,3 k bopd, so let's say, 5,400 bopd for 2014 average and put a mention that all exploration and whatever the F/$%happen is a plus... They are the one with Inside information ; they should be able to make better estimate then that... seriously, even i could put up a better estimate on 2014's production... Is that why the Sp is having some trouble today, i can't say, but they should get help from PXT. If you look at PXt 2014 forecast, even them are able to estimate exploration upside... anyway... just a though i wanted to share...
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