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.

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Tenaris ADR Rep 2 Ord Shs > Perplexed

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Comment by rinm99on Nov 06, 2019 2:56pm

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RE:Perplexed

Like Flg, I fear that they have some sort of collateral on the debt of VS. With the earning trajectory of VS, they won’t be able to serve there fat dept soon. Anyhow, cutting the dividend was a good news, it will put them more in the corner! And at this sp level we can’t leave the ship, the fiscal lost is done anyway..

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Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload