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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
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Comment by cocomgon Jun 03, 2014 12:01pm
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Post# 22625014

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

RE:RE:RE:RE:RE:RE:RE:huge volumeHege, maybe I am mistaken but I thought that RLI was the number of years needed to deplete reserves at current production rates. If so  2P/ BOEPD X 365  could be used as a metric. Please correct me if i m wrong.
I said that if you were producing less the RLI should be longer. Lets try the maths...

At 1500 boepd production RLI would be 9 years: 5 mill 2p / 1500 X 365 days = 9 years
At 1500 boepd and U$70 netback (per last presentation) the ratio that I presented is equal to $1.200
At 6000 boepd RLI = 2.2 years and EV/BOEPD/NETBACK = $300
At 9000 boepd (after SRN deal) RLI = 8MM / 9000 X 365 = 2.44 years. and EV/BOEPD/NETBACK = $380
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