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.

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Cohen & Steers Tax-Adv Pref Secs and Inc Fund > News Two Oil Discoveries

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Comment by green24on Jan 09, 2014 6:14pm

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Post# 22076024

RE:News Two Oil Discoveries

Yes, very good news. Production keeps climbing, new discoveries to push it further. What puzzles me is the 2014 drill program cost.

If they have roughly $85M in cash, and are growing that pile by around $250,000 per day, why are they only spending $191,000 per day on the 2014 drilling program? Didn't they spend $80M on the drill program last year? Why only $70M now?

What are their plans for the rest of the cash? I was expecting to see about a $110M drill program for 2014.

Please, please, please, someone say 'Special 15 cent dividend to shareholders'. Otherwise, I've got to think they are either about to buy someone, or are in negotiations to be bought themselves.

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