Such an interesting company. I run into this name quite abit because I always use TX Ternium. I don't know why I have had great luck wit that name.. but I like these guys too--
--Offshore drilling continues to be a strength. Tenaris said full-year revenue from offshore projects will be up 50% this year, led by activity in Guyana and Brazil.
--Tenaris announced a stock buyback authorization of $1.2 billion, or about 6% of shares, on Nov. 1.
--Is earn at risk?
Q3 was a soft quarter for Tenaris, with revenue down 21% sequentially, though up 9% from the year-ago period. The drop from Q2 reflected both price declines and lower shipments. Trends were looking better in the fourth quarter, when the company held its earnings call on Nov. 2. But Tenaris said that there was an "ongoing adjustment in price levels" in the Americas, partly due to imports.
TA wise I'll take abetter look but recently it failed at a B/O point
The official
buy point is 35.98 /////
So at $32 the question is quick run back to $36 or something more. I fear rhe first one.~si
A discussion on the Q3 earnings call highlighted the high-margin story for Tenaris. An analyst noted that a competitor put its own EBITDA at $500 per metric ton. But Tenaris guidance of 25% to 30% EBITDA margins for Q4 suggested it earned over $800 per ton in EBITDA.
