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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 > Great update on Petroamerica
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Comment by HedleyLamarron Feb 13, 2015 7:23pm
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Post# 23429385

RE:RE:RE:RE:RE:RE:RE:Great update on Petroamerica

RE:RE:RE:RE:RE:RE:RE:Great update on Petroamerica
Deadcow wrote: HedleyLammar,

In your opinion, where do you think PTA will be trading at year end if Oil stays in this $60 range ?
Dont you think it should be much higher than today ?
i would really like to hear your opinion.
thnx

Stiff Bovine

Oil may very well end up at $60, but I believe there will be much trouble between then and now.  I think PTA will be roughed up along the way.  The most significant catalyst would be becoming an operator.  If this is what they have their "head down" working on, then I think the future will be bright and I'll envy your position.  If not, I think they'll bounce around at these levels.  I read the last NR as the Quinde-3 and Langur wells are baked into the 5400 guidance effectively replacing decline.  If I'm correct, not many bullets to fire.  The takeover talk is just talk.  Not happening.  They don't buy their own shares at this level so I would not recommend buying.  That would be the #2 catalyst.  With an ocean of shares on the market, it is prone to be pushed around just like what you are seeing.  


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