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 > Good news, bad news

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Post by Ingiboyon Nov 14, 2013 10:15am

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Post# 21905377

Good news, bad news

Can we interpret this lates update as bad news or good news?
We average 6,312 BOPD for October which is a new high for the company. We will be adding additional production from LC-1 next week. Unfortunately at this point we don't know how much. La Guira will also be adding production shortly. The question here is when and how much.
LC-2 will add production as far as we can tell based on the company declaring last month they had encountered oil in the Mirador. We should know the results of testing by early December.

Is this bad news? Apparantly the market this morning is saying yes. What does this company need to do to advance the share price? What would be considered good news?

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