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 > 30 short term is likely I believe.

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Comment by cocomgon Jun 04, 2013 4:04pm

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Post# 21482907

RE: RE: RE: RE: 30 short term is likely I believe.

I personally do not think that actual R/P or what you call RLI is representative simply because this is a junior oil in exploration phase. The average R/P to get sustaintability is 10-12 years. PTA has (5100*1000)/(5100*365)= 2.74 years.

Now...last year we add 2MM barrels to the 2P (68% increase to 2011) taking into account LM8.

In the presentation they say that the prize of curiara1 is 23MMboe x 25% POS x 25% WI + Rumi 1 is 4MMboe x 40% POS x 40% WI + La guira1 8MMboe x 55%POS x 50% WI + Malavar1 10MMboe x 39%POS x 50% WI = 6.22 MMBoe to the 2P

So....((5100+6220)*1000)/(5100*365)=6 years.

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