Tenaris S.A. (ADR) (TS)

carbonates (63.18) Submitted: 7/02/07 11:44 PM : Start Price: $48.54 TS Score: -16.37

Coiled tubing drilling has developed into a new technological tool of the drilling industry that cuts drilling costs by about 50% where it can be used. New developments are allowing it to be used for directional drilling and depths as deep as 10,000 feet, making it the most likely choice for drilling resource plays. Since big resource players (Devon, Southwestern, Chesapeake, etc) currently have drilling plans in the thousands of wells per year, companies such as Tenaris which make quality tubing will be selling lots of drill strings.

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