Buy Tenaris (TS)

12/30/2008 8:05 pm EST


Jim Jubak

Founder and Editor,

You can make a very nice little $10 billion (in sales) business out of selling something as seemingly mundane as drilling pipe if you realize that as companies drill in ever more challenging geologies, they'll pay extra for pipes that can withstand extremely high temperatures and pressures; than can flex to accommodate new trends in horizontal and guided drilling; and that won't surrender to extremely corrosive conditions. As oil companies drill in deeper and hotter they need increasingly sophisticated steel pipe and pipe connections. As the global energy industry expands its production of more corrosive fuels, such as ethanol and coal to gas, it demands high technology pipes. Expect even higher margins going forward.
  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on STOCKS

Keyword Image
Cognizant: From AI to IT
15 hours ago

Cognizant Technology Solutions (CTSH) began operations in 1994 as an in-house technology development...