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Tenaris ADR Rep 2 Ord Shs T.TS.B


Primary Symbol: TS

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

Comment by extremeriskon Jul 07, 2017 9:36am
110 Views
Post# 26443832

RE:RE:question and a prediction

RE:RE:question and a predictionI kept the faith on this one a long long time Meidawatacher but have not been in it for awhile as you cant keep banging your head against a wall here.  Good news I agree is they are not going to be delisted or become insolvent.  Shares short continue to hover in the 2 million range so Torstar has a pretty consistent short position.  I would not short it either though.  Watsa would not have this very high on his priority list given other things he is involved in so he just stays on sidelines.  The investment has already been written off his books for accounting purposes.  My view is this is not a long and its not a short so its basically a no touch for now and better to deploy investment money elsewhere.
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