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 > New SA article on PTA and Value Digger's Comment

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Comment by mousermanon Jul 08, 2015 9:32pm

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Post# 23905576

RE:RE:New SA article on PTA and Value Digger's Comment

I must admit that most energy stocks charts looked the same in DEC 2014 when oil prices bottomed out, and tax loss selling climaxed. However its hard to find many that have hit alltime lows today in trading. I see CNE mentioned in that list. They hit a low of 1.40 in december and then roared back over 160% to 4$ , fell back and then bounced up again to 4$ , and now are trading at 2.46 down a few % on the day, when the TSX fell over 200 points.
CNE anounced they ended the Q4 with an exit rate of 12, 042 BOE per day, after averaging only 9970 per day for the Quarter. SO, things are looking up for them.
Hard to talk about PTA in the same context . They exited 1st half of 2015 at the lowest production rates ( under 4000 bbls per day) in about 2 years.

Petroamerica Announces Second Quarter 2013 Results and Surpasses 6,000 BOPD Production Milestone
So despite paying huge for Suroco's reserves and production profile, PTA has burned cash, hasnt replaced reserves thru the drill bit, and production has dropped bigtime.
Hard for these SA pundits to admit whn they have made a mistake.
I will admit to making mistakes , any trader who says they dont make mistakes are lying .
However i havent made a mistake on PTA, there were better buys and trades out there. Still are.
MMT today at .58 with a buyout for .80 cash pending at the end of JULY looks good to me...
Lets see if PTA does better this month than MMT.. shall we?