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 > Verano

<< Previous

Bullboard Posts

Next >>

Post by Ingiboyon May 14, 2014 1:30pm

324 Views

Post# 22561237

Verano

Parex buys Verano for $198,000,000. estimated BOPD at close = 4,000. That is $49,500/flowing barrel. If you use that same metric for PTA:
6,500 x $49,500 = $321,750,000/600,000,000 shares = $.536/share.
I suspect Parex tried to buy Petroamerica and was rejected so they went to their next choice.

I think if you asked the PTA shareholders if they would accept $.536/share on a buyout or become an acquirer as per the present plan. Today I think the majority would take the buyout. There is no guarantee after we acquire Suroco Energy that we will get any more respect from the market than we are getting at the present moment.
Hege I am not sure what DD you refer to that may shed some light as to why we are presently trading at $.295. The market is just fundamentally not embracing the plan here.

<< Previous

Bullboard Posts

Next >>

Paramount Resources signs $3.32 billion asset sale