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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 Mediawatcheron Jul 12, 2018 5:30pm
186 Views
Post# 28309075

RE:TORSTAR: ANOTHER 52-WEEKS "LOW" - $1.15

RE:TORSTAR: ANOTHER 52-WEEKS "LOW" - $1.15Hi Modulex,

Legally the A shares have precisely the same value as B shares in the event of a privatization.  This provision was made decades ago and so the fate of all is tied to the whims of the Voting Trust clowns who control all the voting shares. 

Fairfax may or may not have made an offer as nothing has been publicly disclosed.  They are biding their time and waiting for the Voting Trust to panic.  When the shares move into penny stock territory after they release disappointing Q2 results this should accelerate the day of reckoning for the Keystone Kops.  The stock is going to surprise those who have bailed at current prices.
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