The Luxembourg-based company said that results in the third quarter were affected by a lower level of sales of seamless pipe products and higher production costs.
FORBES: Magazine Article
Companies that supply the drillers were also among the buys, including seamless pipe maker Tenaris S.A. (nyse: TS - news - people ).
FORBES: Gurus Drop Goldman, Grab Energy
Luxembourg-based Tenaris sells seamless steel pipe products to oil and gas companies.
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