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 > The executives here need to be shown the door

<< Previous

Bullboard Posts

Next >>

Comment by mrpanickon Mar 17, 2014 9:15am

133 Views

Post# 22330641

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The executives here need to be shown the door

Let me redo the Petroamerica 2014 cash flow exit rate using the incremental 23% royalty ($23 on $100 oil) for Las Maracas. The netback for LM would fall from $77 to $54. I'm assuming the company exits 2014 with 5,000 boepd from LM and 2,500 from production elsewhere at lower royalty rates. The overall netback would therefore be about $62. I think that improved infrastructure (new pipelines) and less terrorism are likely to reduce the currently elevated transportation costs from around $18 / barrel to about $15. That would put the end of year netback at around $65. If they have 7,500 boepd production in Dec 2014 with a $65 netback that would put the annual cash flow run rate at about $175 million.

<< Previous

Bullboard Posts

Next >>

B2Gold stock buckles under news of labour strike in Mali