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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 > InterOil (1,412 boepd, 65% oil), PTA (5,500 boepd, 98% oil)
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Post by perdikaoilgason Mar 02, 2015 6:26am
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Post# 23478744

InterOil (1,412 boepd, 65% oil), PTA (5,500 boepd, 98% oil)

InterOil (1,412 boepd, 65% oil), PTA (5,500 boepd, 98% oil)I was looking at InterOil (IOX) Enterprise Value again today. IOX trades in Oslo and produces only 1,412 boepd in Colombia with only 65% of it being oil.

IOX has a ton of debt and liquidity problems and restructured its debt recently. Its bond debt was partly converted into shares. See IOX's latest quarterly report:


https://hugin.info/137537/R/1897811/673783.pdf


See IOX updated production of 1,412 boepd :



https://www.interoil.no/?page_id=13&PressReleaseID=1893115


IOX's working capital deficiency is US$47 million.

Pro forma the placement from Andes Energia and the restructuring of the old debt, IOX has 645,000,000 outstanding shares. 51% of them belong to Andes Energia:

https://www.interoil.no/?page_id=13&PressReleaseID=1888579


IOX's price now in Oslo is 0.30 NOK or US$0.04 per share.

So IOX's market cap now is US$26 million.

IOX's EV: 47 + 26 = US$73 million !!

This is higher than PTA's current Enterprise Value!!





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