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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

Post by retired234on Nov 11, 2017 4:44pm
133 Views
Post# 26945941

Positioning

PositioningIt is quite clear that Watsa (FFH) is solidifying his position as the" Alpha Male" of the pack .  The timing of his next move is anyones guess but as Media has said; Watsa has a master plan and is playing his cards very close to the vest.  I suspect when the deal gets done , a lot of housekeeping and amalgamation will take place.  Watsa has a large holding of Blue Ant and torstar a smaller position but something including Blue Ant might be in the master plan.

For now the Alpha Male will keep circling the weaker and waiting until the time to strike.

Merely my two cents..................GLTA
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