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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

Comment by CONSTRUCTIVE_SUBVERSIONon Apr 04, 2013 5:19pm
188 Views
Post# 21212793

RE: Production rate

RE: Production rate

I think LM 8 is likely close to being done, at TD, but thats my opinion. LM 9 following close behind, shows confidence in both wells for sure. COCO what you are really missing? probably not much, the geology is new it would seem and perhaps so are the production profiles of the wells. I dont think negatively  of the Mirador recompletions, as in Columbia one is allowed to produce from one zone at a time, no commingling of zones as in other parts of the world. I dont have all the answers on Mirador, but i believe when Gacheta zones has produced profitably and to the end of its life, then perhaps Mirador zone will be produced simply move up the well and produce from that zone. However, one could tightly space and drill wells to the mirador and then produce from these zones sooner. But thats just a theory, not sure if its an engineering reality. In the meantime, be happy, company is spewing cash with the 106 dollar brent, they got a new buyer for their oil, lower costs, and things look pretty good. We should be getting to the steak and potatoes now with Las Maracas development. La Casona should be done very soon, and co gen looks to be the option of choice, along with the second La  Casona well. Lots of news, but markets are always volatile. Take heed of the IB recommendations, they have some good validity in them. Oil pricing looks to be good for the short and medium term. IF LM 8 and LM 9 come in as producers, then again we should add to proven and probables raising the RLI for our company.. cheers.

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