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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

Cohen & Steers Tax-Adv Pref Secs and Inc Fund
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Comment by hockeylad33on May 04, 2011 9:05am
504 Views
Post# 18527315

RE: Production Profits:

RE: Production Profits:It sounds to me like they were not receiveing their share of the production prior to Apr 29th.  From the MD&A ...

"The Company is now receiving its share of the production revenue that is flowing from Balay-1, and once the Balay-2 well is put on long term test, we will expect to receive revenue from that production as well"

I do not think they are getting paid retroactively.  Even if they were, you have not deducted operating expenses, which likely exceed revenue anyways.   Rest assured if they were not collecting production revenue, they were not paying operating expenses either.

Nevertheless, with Balay 2 shortly online, PTA should be receiveng in the neighbourhood of 400-500 bopd.   I do not think they will be installing any ESP prior some more development wells, as the reserve life is short as is, so there is no reason to boost production yet.



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