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 > Updated pr

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Comment by Crotchon Jan 09, 2013 9:43am

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Post# 20814210

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Updated pr

No, they clearly state - unequivacaly - without question - that they are currently producing 8000 bopd gross, or 4000 net to PTA and PXT.

I don't get what you are saying, but I do see that you are conflating test results with production. I thought you practice DD? No? Ok, so let me help you. Test results show what the well could potentially produce under normal operating conditions (and those numbers can themselves be misleading because we don't know the decline rate). Production rate is just that - how much are they currently taking from the ground.

They might have tested a combined flow of 10k+ (and may have even had initial production rates close to it as well), but they are restricting production because of the lack of infrastructure capabale of handling anything greater than that.

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