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 > Q1 2014,6,400 boepd versus Q4 2014, 7,400+ boepd

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Post by Miner1967on Sep 26, 2014 4:29am

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Post# 22972504

Q1 2014,6,400 boepd versus Q4 2014, 7,400+ boepd

It's a fact, as shown at the presentation and the reports.

This production growth of 20% yoy takes place despite the production disruption during July-August and September in the Putumayo Basin. And the production in the Putumayo Basin resumed and rises quickly back to pre-interruption levels.

PTA will drill several high impact wells in PROVEN oil fields (i.e. Quinde field) with proven Gushers (the Quinde gushers) by year end. So it will most likely exceed 7,400 boepd. Nothing has changed on this.

Also, the balance sheet remains unchanged with $60+ million CASH in December 2014.

As I said, nothing has changed. If you think that the mid September update which was released at 19th was such a delay to make you lost your trust to the management, and that counts more than all the above, then sell.

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