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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

Comment by Whitehellon Sep 26, 2014 11:24am
147 Views
Post# 22973453

RE:RE:Production Numbers

RE:RE:Production NumbersThis management always does that. Their Guidance is always actual production. (remember last YE guidance for this year was, if i remember correctly 5,500-6,000, which was actual production at the beginning of the year) They always put 0 upside in their drilling. 7,400 is probably what actual LM field + Suroco does so it is their guidance... As per their presentation, i think LM field is probably running at around 4,500 these days. That would explain why we passed from 8,500 at the moment of the acquisition to 7,400 bopd nowadays...

And to say we have to wait two month to get a guidance that is only actual production. All the other O&G gives guidance that includes, at least a little bit of upside from the Exploration. At least the price have bottom to the 52 week low, i don'T think we're going lower unless the Q4's drilling results is really bad...
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