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.

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Cohen & Steers Tax-Adv Pref Secs and Inc Fund

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Post by STVPon May 04, 2011 7:20am

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Post# 18526867

Production Profits:

To date, Balay-1 has produced over 275,000 barrels of oil from test production. 15% to Petroamerica means they have over 41,250 barrels of oil to sell to Petrobra to date from only test production on Balay-1. If they sold that oil to Petrobra for $80 per barrel given that oil prices are well over $100 today (the discount to Petrobra are due to the obvious reasons, i.e Petrobra pipeline, infrastructure in place to get the oil to market, etc). Then subtract another $30 per barrel for taxes, etc, then profit to Petroamerica from that 41,250 barrels is $2.0625 million (41,250*50).

Over $2 million profit from only test production on one well is not bad. Calculate what it'll be When Balay-1 to go into full production and Balay-2 and Balay-3 to come online.

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