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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 mrpanickon Dec 04, 2014 8:01pm
234 Views
Post# 23197600

RE:RE:Vetra already sending oil to Ecuador

RE:RE:Vetra already sending oil to EcuadorThanks Deadcow, for sharing from your discussion with management. I think the blended transportation cost was around $15 last quarter including Llanos, but it's probably higher than that for PUT. I always thought it was amazing that it costs more to truck the oil to market than get it out of the ground. I would bet that the costs for trucking on existing routes are going to drop also now that they have more competition. Did management share any insights as to whether having an alternative route reduces the risk from road blocks? I would think it would, but would like to hear management talk about that issue. One interesting point on transportation costs. Suppose Brent and transportation costs both drop by $10. Is that an even trade? No, I think they end up about 2.50 / barrel ahead on netbacks. If I understand it correctly, the royalties are based on the price sold at the refinery rather than the value at the wellhead before transportation costs..
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