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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 > PTA: The 5 Potential Suitors and the reasons (UPDATE)
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Comment by perdikaoilgason Mar 27, 2015 5:55am
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Post# 23567547

RE:RE:RE:RE:RE:RE:RE:PTA: The 5 Potential Suitors and the reasons (UPDATE)

RE:RE:RE:RE:RE:RE:RE:PTA: The 5 Potential Suitors and the reasons (UPDATE)HedgieTdot  a.k.a. MacroEconomy alias

aside your latest RAMBLINGS about Exxon's expensive unconventional wells in Colombia, which are completely unrelated to PTA's conventional wells,

PTA's Putumayo Blocks do not expire anytime soon as you desperately try to make the newcomers believe.  PTA will keep them until 2024, which is 9 YEARS from today. And, of course, there is always the possibility for EC to renew them. But, based on the Colombian laws, the first award cannot exceed 15 years. This is why, this first award lasts for these Blocks until 2024.

Sorry to disappoint you again.

I quote:


" The Company holds a 15.8% non-operated working interest in the Suroriente Block in the southeastern area of the Putumayo Basin covering 90,263 gross acres. Terms for the Suroriente Block are governed by an incremental production contract between Ecopetrol and the Consorcio Colombia Energy effective through June 2024. The Suroriente Block produces light and medium gravity oil from three oilfields (the Pinuna-Quillacinga field, Cohembi field, and Quinde West field). "
 
 


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