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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 > Remember $1.90 on May 4th?
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Comment by Mediawatcheron Jun 04, 2018 3:08pm
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Post# 28121733

RE:RE:Remember $1.90 on May 4th?

RE:RE:Remember $1.90 on May 4th?Extreme,

I would make a distinction between a bet on the direction of markets and a long standing investment in Torstar.  I would remind you of Fairfax's significant investment as recently as November 2017.

Finally, Watsa is not infallible.  If he got every bet right he would be under constant review by the SEC/OSC and would be richer than Warren Buffett.  Clearly he believes in Torstar for reasons best known to him and he is a very patient investor.  I would still choose to believe he is going to see this through to privatization.
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