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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 forkliftguyon Mar 20, 2019 8:57am
129 Views
Post# 29509904

Torstar question regardin Vertical Scope

Torstar question regardin Vertical ScopeMy main financial concern regarding Torstar is their obligations regarding Vertical Scope . Vertical Scope , I believe owes about 200 million dollars in long term debt .My mai question is " Did Torstar guarantee this debt " ? Or theoretically , could they walk away from this investment with no further financial damage to Torstar ? I find that Torstar is extremely vague regarding the Vertical Scope investment . I think we might have a better chance at seeing Donald Trumps tax returns that getting the real story at Vertical Scope .
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