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 > Oil price mid-long term direction as sealed by recent data

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Comment by mrpanickon Dec 08, 2014 4:42pm

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Post# 23207889

RE:RE:RE:Oil price mid-long term direction as sealed by recent data

If you're going to count accounts payable then maybe it would be sporting to count accounts receivable from oil that's already been sold (no history of losses collecting in that area). I agree they will cut back 2015 drilling somewhat to conserve cash. Nothing wrong with that. Still a lot of cash coming in from $70 oil in 2015 especially with transportation costs falling. Still think they will hit guidance and in any case the current stock price reflects rather low expectations. You might do better shorting something else Hedgie. SD was down 15% today and PTA traded flat. The valuation is already washed out and everyone knows that with their balance sheet and low production costs, this company isn't going away.

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