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 > PTA reserves

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Comment by Ingiboyon Feb 26, 2015 1:46pm

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Post# 23468632

RE:RE:RE:PTA reserves

I don't think anything would excite the market when it comes to energy stocks today. It is unfortunate that today is a down day in the energy sector which has muted this good news on reserves and finances for Petroamerica. The drop in cash to $53,000,000 could have to do with the cost of drilling Langur 1X.
Regardless, this is very good news for this company. It has answered a number of nagging questions which have negatively affected the share price. This a large hurdle that we have overcome and I think that most regard it as very good news We now need to follow it up quickly with a drilling and production update. With some luck we could quickly add significantly to our production and reserves with positive drill results from LLA-10, LLA-19 and El Porton all of which we have a 50% WI.
All in all the next 6 months could be very interesting for the longs here.

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