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Tenaris: The Picks-And-Shovels Play For An Oil Supply Crisis
Forbes· 2026-04-25 00:42
Tenaris S.A. (TS), the world's largest oil country tubular goods (OCTG) manufacturer, supplies the "picks-and- shovels" (steel pipes) that oil and gas drilling programs require. With a differentiated service model, high profitability, and strong shareholder return, Tenaris offers Attractive risk/reward in an industry with long-term growth prospects. Tenaris offers favorable Risk/Reward based on the company's: Higher Oil Prices Are Back The February 28, 2026 U.S.-Israeli strikes on Iran and the subsequent cl ...