Cohen & Steers Tax-Adv Pref Secs and Inc Fund V.PTA

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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 > HAL's CEO: Oil Demand Is Creeping Up, Oil Price Will Climb

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Post by Miner1967on Nov 04, 2014 8:52am

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Post# 23091600

HAL's CEO: Oil Demand Is Creeping Up, Oil Price Will Climb

Bloomberg this morning:

Halliburton's (HAL) CEO joined the club of oil executives who say they aren’t worried about falling oil prices, and expect them to climb next year.

He said: “Despite what people are thinking, demand is creeping up, albeit at a lower rate than it has been. The downward pressure on prices is mostly due to an oversupply, that will quickly prove self-correcting, especially when it comes to U.S. shale production. Unlike with conventional oil, shale wells peter out quickly and companies depend on constant new drilling to maintain production levels. This also makes shale more responsive to price movements. Lower prices will discourage new drilling, quickly removing the glut in crude supplies".

https://www.bloomberg.com/news/2014-11-04/halliburton-ceo-expects-shale-to-reverse-oil-price-slump.html?cmpid=yhoo