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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 Greybeard1on Dec 21, 2017 6:57pm
201 Views
Post# 27210649

Here is what may drive this stock over the next month

Here is what may drive this stock over the next monthHey Folks

I think you all have done a great job outling the key aspects underpinning the recent strength of Torstar and potential for a nice payday if the company goes privatge.  

I just want to add one additonal factor that should support the stock. 

The 40 day moving average is NOW above the 200 day moving average.  Last year at this time, Torstar had a big run after the 40 day moved thru the 200 day moving average, as I mentioned in an earlier post.

With some luck, we might have some a nice run over the next few weeks underpinned by this key techical factor.  Fingers crossed.  

PS.  If the stock does goes up, I really don't care if it is due to techincals or fundamentals,  Ka-ching!
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