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 > Technicals

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Comment by cocomgon Oct 06, 2014 4:14pm

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Post# 23003516

RE:RE:RE:RE:Technicals

Ingiboy, don't lose your faith here.

At $36 netback (all in cost, interest and taxes) per barrel for PTA + $29.5 netback (all in cost, interest and taxes) per barrel for Suroco, NPV (10%) of 2P equals $0.40 per share.

At 2x actual EBITDA, PPS equals $0.44

Look at cash flow multiples, it is ridiculous.

At $43.000 per flowing barrel, PPS equals $0.44. remember we take out suroco at $40.000 per flowing barrel and PAREX is trading at $57.000 per flowing barrel.

If they get to 20.000 boepd in about 5 years, we are talking of a billion dollar company. Do the maths.

Todays price doesn't reflect the current fundamentals of this company....belive in my reverted head and shoulders!

You have to be crazy to sell at this level.

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