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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 > 2015 Cash flow estimate
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Post by mrpanickon Oct 08, 2014 2:03pm
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Post# 23010934

2015 Cash flow estimate

2015 Cash flow estimatePTA's presentation shows netbacks estiamted at about 47.50 for Q3 & Q4 based on 95 Brent.  Figure Brent average $90 in 2015 which is a bit below where it's trading now.  Figure 8,500 boepd production in 2015 which I think is much lower than it will actually be.  A $5 drop in Brent lowers netbacks by about $4 since royalties drop.  So figure a 43.50 netback on 8,500 boepd in 2015 which is operating cash flow of 135 mil.  
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