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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 modulexon Nov 14, 2018 7:10am
174 Views
Post# 28970332

TORSTAR'S FATE SOON TO BE DISCLOSED

TORSTAR'S FATE SOON TO BE DISCLOSEDtorstar is coming closer to the end as a public company.  it just makes no sense here to keep going as a penny-stock.  i always believed that fairfax will either buy out the remaining class-B shares at a a dirt-cheap price or is waiting for torstar to file under the companies creditors arrangement act (CCAA) and then throw in money (a lifeline amount) to become legally part of a debt restructuring process.  it is now obvious that shareholders cannot expect more than $3/share, the approximate book-value of torstar given the worst than expected financial health of torstar  there is also the possibility of a merger to happen, which could explain this such low ts.b share price.  torstar shareholder would receive shares of a new-created company rather than cash.
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