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Tenaris ADR Rep 2 Ord Shs T.TS.B


Primary Symbol: TS

Energy Oil & Gas Equipment & Services
Tenaris S.A. is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products. It operates in geographical areas, such as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Its products and services include OCTG, Premium Connections, Rig Direct, Offshore Line Pipe, Onshore Line Pipe, Hydrocarbon Processing, Power Generation, Sucker Rods, Coiled Tubing, Industrial and Mechanical, and Automotive.


NYSE:TS - Post by User

Tenaris ADR Rep 2 Ord Shs > Shares Lower
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Comment by DonPlata33on Mar 14, 2017 8:39am
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Post# 25975535

RE:RE:RE:RE:RE:RE:Shares Lower

RE:RE:RE:RE:RE:RE:Shares Lower
We have to wait till the review process is completed. Then we will see if Boynton is just an administrator, but I think he is more than that. If the Voting Trust wanted an administrator, DeMarchi or Goodridge would be CEO now. Why should they nominate someone from the outside as an admin? Furthermore, I suppose that Watsa/Fairfax was at least involved in the CEO search process. They hold almost 30% even if it's non-voting.
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