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 > Stock trading at All Time low

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Comment by extremeriskon Oct 31, 2018 4:04pm

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Post# 28903834

RE:Stock trading at All Time low

Breaking through that $1 pyschological barrier is tough. On NYSE once break through $1 you are delisted. TSX rules are more lenient but this risk now must be considered going forward as valuation continues to decline. Looks like some of the shareholders just throwing in the towel now on this.

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