Tenaris Can Bounce Back in 2020
Tenaris S.A. (TS) is a Luxembourg based provider of steel pipe products to the upstream energy companies across the world. The project deferrals in the offshore energy markets and the weakness in the U.S. onshore activities are Tenaris’s concerns. The policy uncertainty in some of the Latin American countries can also hinder growth and reduce the margin in the short-term. While Tenaris remains a steady candidate for long-term growth, I think it may move sideways before the growth catalysts come into effect.
I expect revenues from the