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 > huge volume

<< Previous

Bullboard Posts

Next >>

Comment by cocomgon Jun 03, 2014 11:08am

256 Views

Post# 22624704

RE:RE:RE:RE:RE:huge volume

Hege I think that is quite simple: It all depends on production, cash flows and growth. If they were produccing only 1500 boepd the EV/BOEPD/netback ratio would be "in line" with peers and the RLI would be in the neighbor of 9 to 10 years. Do not get stuck with RLI, see the bigger picture.
Milking LM field is not only PTA decission, PXT is involve too.
The good thing is that they make a lot of cash (now not in the future) to expand aggressively buying land, reserves and other companies. That is why our RLI is low now. Simple.

<< Previous

Bullboard Posts

Next >>

Changing Europe’s dependency on HREE from China