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 > current flow rate of PTA

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Comment by norim109on Mar 02, 2013 7:05pm

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Post# 21068471

RE: current flow rate of PTA

According to the latest PXT press release the Las Maracas field is producing at a rate of approximately 9,000 bopd (gross), which represent about 4,200 bopd net to PTA. In its last presentation, PTA is confident to reach its production target of 7,000-10,000 over the next 12 to 18 months (page 5), which would justify a market capitalisation between $500 to 650 millions. If we divide by 750 millions (after the conversion of warrants and options that are in the money - PTA will get about $35 million of new cash), we got a SP between 65-85 cents within the next 18 months.

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