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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 > Pipelines
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Comment by mrpanickon Dec 30, 2014 12:57pm
135 Views
Post# 23272488

RE:Pipelines

RE:PipelinesShlinker, I don't expect them to build a pipeline.  The facts as I see it are:

- Vetra already shiiping 4,000 bopd to Ecuador
- Amerisur pipeline due to Ecuador with 50,000 bopd capcity due to be completed very shortly.
- Amerisur has 7,000 bopd production
- Amerisur located nearby to PTA / Vetra
- There may be other possible routes into Ecuador that are also cost effective now that the regulatory issues that were preventing this seem to be resolved.

PTA's oil could find it's way to Ecuador either on Vetra's route, Amerisur's route or some other route. I don't know the trucking route, but trucking oil to Amerisur's pipeline seems plausible.  If anyone wants to comment on that possibility, please do.  Even prices on existing trucking routes seem likely to fall due to competition from the new routes to Ecuador for oil opening up.  



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