Motley Fool yashinzwe mu 1993 n'abavandimwe Tom na David Gardner, yafashije abantu babarirwa muri za miriyoni

Motley Fool yashinzwe mu 1993 n'abavandimwe Tom na David Gardner, yafashije abantu babarirwa muri za miriyoni kugera ku bwisanzure bw’amafaranga binyuze ku rubuga rwacu, podcast, ibitabo, inkingi z’ibinyamakuru, amaradiyo na serivisi zishoramari zigezweho.
Motley Fool yashinzwe mu 1993 n'abavandimwe Tom na David Gardner, yafashije abantu babarirwa muri za miriyoni kugera ku bwisanzure bw’amafaranga binyuze ku rubuga rwacu, podcast, ibitabo, inkingi z’ibinyamakuru, amaradiyo na serivisi zishoramari zigezweho.
Urimo usoma ingingo yubuntu ibitekerezo byayo birashobora gutandukana nibya serivise ishoramari ya Motley Fool.Ba umunyamuryango wa Motley Fool uyumunsi kandi uhite ubona inama zisesengura zo hejuru, ubushakashatsi bwimbitse, umutungo wishoramari nibindi.soma byinshi
Mwaramutse neza kandi ndabashimira inkunga mutanze.Murakaza neza kuri Tenaris SA ya Q3 2021 ihamagarwa.[Amabwiriza]
Ubu ndashaka guha iyi nama uwatanze ikiganiro uyu munsi, Giovanni Sardagna.nyamuneka komeza.
Imigabane 10 Dukunda Kuruta Tenaris Kwishura kugirango twumve mugihe itsinda ryacu ryisesengura ryatsindiye ibihembo ritanga inama zimigabane.N'ubundi kandi, akanyamakuru ka Motley Fool Stock Advisor akanyamakuru bamaze imyaka irenga icumi bakora ku isoko ryikubye gatatu isoko.*
Gusa bamuritse imigabane icumi bibwira ko aribwo buryo bwiza bwo kugura abashoramari ubungubu… kandi Tenaris ntabwo ari imwe muri zo!Nibyo - batekereza ko ibyo bigega 10 ari byiza kugura.
Urakoze Gigi kandi urakaza neza kuri Tenaris Q3 2021 guhamagarwa.Mbere yo gutangira, ndashaka kukwibutsa ko tuzaganira ku makuru areba imbere mugihe cyo guhamagarwa, kandi ibisubizo nyabyo birashobora gutandukana nibyavuzwe cyangwa bivugwa muri uyu muhamagaro.Uyu munsi nifatanije nanjye ni Paolo Rocca, Umuyobozi n'Umuyobozi mukuru;Alicia Mondolo, CFO yacu;Guillermo Vogel, Visi Perezida akaba n'umwe mu bagize Inama y'Ubuyobozi;Herman Kura, Visi Perezida n'abagize Inama y'Ubutegetsi;Gabriel Podskubka, Perezida w’ibikorwa by’iburasirazuba bw’isi na Luca Zanotti, perezida w’ibikorwa by’Amerika.Mbere yo guha Paolo ijambo ritangiza, ndashaka gutanga ibisobanuro muri make kubisubizo byigihembwe.Igihembwe cya gatatu twagurishije cyari miliyari 1.8 z'amadolari, cyiyongereyeho 73% umwaka ushize na 15% bikurikiranye, ahanini kubera ko ibicuruzwa byinshi muri Amerika ari byinshi kuruta ibyo mu burasirazuba bwo hagati kubera ibicuruzwa bikomeje kugabanuka no kugabanuka.Igabanuka ryibicuruzwa ryatewe nimpamvu zigihe cyiburayi.EBITDA yacu mu gihembwe yiyongereye bikurikiranye 26% igera kuri miliyoni 379 z'amadolari, byerekana umubare munini, ibiciro byiza n'imikorere ikomeye.
Amafaranga yacu ya EBITDA yazamutse agera kuri 20% bitewe na ASP yo hejuru, mugihe izamuka ryibiciro ryatewe no kunoza imikorere mu mikorere no gukwirakwiza ibiciro byagenwe.Ikigereranyo cyo kugurisha muri tubing yacu cyiyongereyeho 10% umwaka-ku mwaka na 6% igihembwe.Mu gihembwe, amafaranga yakoreshejwe yari miliyoni 53 naho amafaranga yakoreshejwe ni miliyoni 74.Amafaranga yatanzwe kubuntu yari make.Amafaranga ava mu bikorwa byiyongereyeho miliyoni 276 z'amadolari mu gihembwe, bitewe ahanini no gukomeza kwiyongera ndetse n’ibikorwa byinshi by’ubucuruzi muri Amerika.Umwanya dufite w'amafaranga mu mpera z'igihembwe wagabanutse kugera kuri miliyoni 830 z'amadolari kuva kuri miliyoni 854 $ mu gihembwe gishize.Ku ya 24 Ugushyingo, Inama y'Ubuyobozi yemeje ko hishyurwa inyungu y'agateganyo ya $ 0.13 kuri buri mugabane cyangwa $ 0.26 kuri ADR.
Urakoze Giovanni mwaramutse mwese.Mu mezi make ashize, twabonye ingaruka z’isoko rikomeye ry’ingufu mu gihe icyifuzo cy’isi cyongeye kwiyongera mu gihe ubukungu bwadindije kubera icyorezo umwaka ushize.Ibiciro bya peteroli byazamutse hejuru y’icyorezo cy’ibiza kuko ibarura riri munsi y’ibisanzwe kandi ibihugu bya OPEC + hamwe n’abakozi ba leta ba shale ba Leta zunze ubumwe z’Amerika bakomeza imyitwarire.Ibiciro bya gaze karemano, cyane cyane LNG kumasoko yabigenewe, byakira imbogamizi zitangwa, bigatuma bimwe mububiko bwuburayi buba ubusa mbere yimbeho.Dore uko bigenda iyo inganda zimaze gukurikiranwa nkuko inama y'abayobozi b'isi iganisha ku gusuzuma uburyo bwo gushimangira no kwihutisha ihinduka ry’ingufu.Nubwo intego isobanutse, umuvuduko nicyerekezo cyo kugenda bikomeza kutamenyekana, hamwe nimyanda myinshi igenda.Ihungabana ry’ingufu, rifatanije n’ihungabana ry’itangwa n’ingaruka zikomeje kwibasirwa n’icyorezo, bitera ingaruka n'amahirwe kuri Tenaris.Ku ruhande rumwe, twahuye n’ibiciro byiyongera ku bikoresho fatizo, ingufu n’ibikoresho, ndetse n’ihungabana rimwe na rimwe mu igenamigambi ry’umusaruro na gahunda yo gucukura abakiriya.Ku rundi ruhande, ibyifuzo biriyongera uko ibikorwa bigenda byiyongera mu gushyigikira itangwa rya peteroli na gaze.
Muri ibi bihe, ibisubizo byacu bikomeje kwerekana imbaraga zikomeye zo gukira, hamwe n’ibicuruzwa byazamutse mu gihembwe na kimwe cya kabiri.Amafaranga yacu ya EBITDA kuri ubu arenga 20% bitewe nubunini bwinshi, ibiciro biri hejuru no kugenzura ibiciro.Mu bihe biri imbere, turateganya ko iyi nzira izakomeza.Ibicuruzwa byacu muri Amerika ya Ruguru mu gihembwe cya gatatu byazamutseho 28% bikurikiranye kandi byiyongereyeho 155% umwaka ushize.Turateganya ko hazakomeza kwiyongera cyane mu gihembwe gitaha mugihe duhura n’abakiriya biyongera kandi tugahagarika izamuka ry’isoko.Nkuko twabivuze mubuhamagarwa twabanje, turimo kongera umusaruro muri Amerika kandi dutangiza serivisi ya Rig Direct kugirango duhuze ibyifuzo byabakiriya bacu.Muri Kanama, twongeye gufungura uruganda rwacu rukora imiyoboro idafite ingendo i Ambridge, muri Pennsylvania.Mu Kwakira, twongeye gufungura ikigo gishinzwe kuvura ubushyuhe n’amahugurwa i Baytown, muri Texas.Umusaruro ku kigo cyacu cya Bay City ukomeje kwiyongera.Turimo gukora ubu bwiyongere ku isoko ry'umurimo ritoroshye twashinze isosiyete yacu - kuva mu Kwakira umwaka ushize twahaye akazi abakozi bashya 1.000 kandi turateganya kuzagera ku 1.000 muri Kamena 2022, abantu 1.600.Amashanyarazi yo muri Leta zunze ubumwe za Amerika hamwe n’andi masosiyete menshi asiganwa ku miyoboro isudira yatanze iperereza ku kurwanya ibicuruzwa biva mu mahanga biva muri Mexico, Arijantine n'Uburusiya, ndetse n'iperereza ryo kurwanya inkunga ku Burusiya na Koreya y'Epfo.Minisiteri y’ubucuruzi muri Amerika yemeye icyifuzo cyo gutangiza iperereza, kandi komisiyo mpuzamahanga y’ubucuruzi muri Amerika igomba gutanga icyemezo cy’ibanze cy’ibyangiritse ku ya 19 Ugushyingo.
Twizera ko iki cyifuzo kidafite ishingiro kandi tuzabaza cyane igitekerezo icyo ari cyo cyose cyerekana ko ibyoherezwa mu mahanga bitabwa cyangwa byangiza cyangwa bibangamira inganda zaho - birababaje kubabaza ibicuruzwa byaho.Mu myaka 15 ishize, Tenaris yashoye imari kurusha andi masosiyete yose mu kugura no kwagura kubaka sisitemu yo gukora OCTG ihanganye muri Amerika.Mugihe tudashobora guhanura ingaruka ziperereza, twizeye ko dushobora gukomeza gukorera abakiriya bacu tutitaye kubizagerwaho.Muri iki gitondo, twatangarije abakozi bacu b'Abayapani ko tubabajwe nuko twe na mugenzi wacu JFE twafashe icyemezo cyo guhagarika ubufatanye bwiza na NKKTubes no gufunga uruganda rwacu rutagira umuyaga bitarenze Kamena 2022. Ibi bikurikira JFE yari yatangaje mbere muri Kamena 2020 yo gufunga Keihin. uruganda rukora ibyuma, aho uruganda rwacu ruherereye, rutanga ibyuma nibikorwa byingenzi [inaudible].NKKTubes yagize uruhare runini muri Tenaris ndetse na JFE mu myaka 20 ishize, ariko irangira ryayo.Uruganda rumaze gufunga, tuzakora ibicuruzwa byinshi bya chromium alloy NKKTubes itanga kubakiriya kwisi yose muruganda rwacu.JFE izadutera inkunga muriyi nzibacyuho hamwe numwuka wintangarugero wubufatanye burigihe buranga imishinga ihuriweho.Abakozi bacu mu Buyapani bagaragaje kwihangana cyane ubwo twatangazaga muri iki gitondo kandi tuzabashyigikira mumezi ari imbere.
Mu Kwakira, twongereye umubano umaze igihe kinini na Sandvik kugirango dutange CRA cyangwa imiyoboro idafite ibyuma indi myaka itanu.Hano duhuza ibikoresho bya Sandvik nibikoresho byubuhanga buhanitse hamwe na tekinoroji ya Dopeless kugirango dushyireho imiyoboro yihariye igezweho mubikorwa byacu.Iki nigice gikura ku isoko.Muri Qatar, twabonye amasezerano ya miliyoni 330 z'amadolari yo gutanga imiyoboro isudira kandi idafite kashe yo gutanga gaze mu masezerano ya LNG.Biteganijwe ko gutanga bizatangira mu gice cya kabiri cya 2020. Ibi byuzuza amasezerano dusanzweho yo gutanga imiyoboro ya OCTG mu karere.Ibi byongera igitabo cyumuteguro muburasirazuba bwo hagati, ingaruka zacyo zizagaragara mubisubizo byacu guhera mu gihembwe cya kabiri cya 2022. Muri Arijantine, twemeranijwe na YPF kongera amasezerano y'igihe kirekire yo gushimangira ibyuma byacu kubindi 5 imyaka ya serivisi itaziguye kuva 22 Mata.Turakomeza guteza imbere gahunda zacu zo kugabanya ubukana bwa karubone mubikorwa byacu.Turimo turangiza igishoro cyo kwagura ingano y'uruganda rwacu rwa diametre rwagati i Dalmina kugirango dushyiremo imiyoboro igera kuri 18 ″ diameter, bivamo ingufu zikomeye hamwe no kuzigama karubone kubicuruzwa binini bya diameter.Turashaka kandi gushora imari cyangwa kubona ingufu zishobora kongera ingufu ku bimera byinshi ku isi, harimo Ubutaliyani, Arijantine, Rumaniya na Amerika.Muri icyo gihe, turimo kwagura igurishwa ry’ibigega bya hydrogène byo gucana peteroli mu Burayi na Californiya, kandi twatsindiye amasezerano na Air Products yo guteza imbere umuyoboro wo kugeza hydrogene muri Arabiya Sawudite.Mu bihe bigoye kandi bihinduka vuba, Tenaris yuzuza inshingano zayo mu kunoza imikorere y’imari no gukomeza umwanya ukomeye wo gufasha abakiriya bayo ku isi.
[Amabwiriza ya Operator] Ikibazo cyacu cya mbere gituruka kuri Ian McPherson wa Piper Sandler.Umurongo wawe urakora.
Mwaramutse.Murakoze.Paolo, ngira ngo wowe - twaganiriye ku gihembwe gishize ko ushobora kwitega ko izamuka ry’imibare ibiri mu gihembwe cya gatatu n'icya kane.Wamennye mu gihembwe cya gatatu 15%.Nibyo - wazanye amafaranga yose?Cyangwa uracyategereje kwiyongera kwimibare ibiri mugihembwe cya kane?
Urakoze Mutarama Ndatekereza ko dukwiye kongera kwinjiza amafaranga muriki cyiciro, mubyangavu.Ndashaka kuvuga, isoko riratera imbere mu turere dutandukanye, cyane cyane muri Amerika y'Amajyaruguru.Turatekereza rero ko dushobora kubikora.Kandi ndatekereza ko iyi nzira ishobora gukomeza mu gihembwe gitaha.
BYIZA Noneho, ibi ni nka ASP ikura 6% cyangwa 7% mugihembwe cya gatatu, naho ibindi bizaterwa nubunini?Nkigisubizo, kuzamuka kwinshi nibiciro byari byiza rwose.
Ahanini, bizaba - ahari byinshi bitandukanye.Ariko nkuko mubibona, gukura kwa Pipe Logix muri uku kwezi kwabaye ingirakamaro.Nkuko wabivuze, ibi nabyo bizafasha buhoro buhoro kwiyongera kwinjiza mu gihembwe cya kane nigihembwe cya mbere cyumwaka utaha.
BYIZA Ibi birafasha cyane.Noneho ndashaka no kubaza kubyerekeye iherezo rya NCC.Urashobora kuvuga bike kubijyanye n'akamaro k'umushinga w’Abayapani uhuriweho ugereranije nimibare 2021 nicyo twakagombye gutekereza kuri spin-off nyuma yumwaka utaha?
Nibyiza, umushinga uhuriweho watanze umusanzu ukomeye cyane mugihe washingwa mu 2000. Muri ako kanya, wadufashije cyane kurangiza urwego rwacu no kwinjira ku isoko ry’Ubuyapani.Ariko mu mwaka ushize, umusaruro wose wagabanutse cyane.Urwego rwose rwakozwe mu mwaka ushize rwari toni 50.000 ku mwaka.Mu buryo bumwe, igisubizo kiriho ubu ni gito, kuko muri 2020 JFE yafashe icyemezo cyo gufunga ikibanza ikigo cyacu giherereyemo, kandi ntabwo bizahita bitwara, ariko muri 2023, gutanga ibigo byikigo, duhura nu byanze bikunze - Ntabwo byanze bikunze duhatirwa gufata iki cyemezo.Ntabwo navuga ko bifite ingaruka zikomeye kurupapuro rwacu kuko natwe dufite ingingo zerekana ko igice kinini cyibiciro gishobora kuba gifitanye isano no gufunga.Ikibazo kizaba nuko twiteguye kongera umusaruro, cyane cyane ibikoresho fatizo bigezweho, kubindi bikorwa byinganda zacu.
Yego.murakoze cyane.Birashimishije, Ntabwo nzi neza icyo uvuga muri iki gihe usibye gutanga ibisobanuro ku masezerano y’ubucuruzi.Biragaragara ko watsindagirije ibyo utekereza ko bikwiye.Haba hari amakuru yerekana, cyangwa gusa amakuru yinganda yerekana cyangwa ashyigikira umwanya wawe?
Yego.Mu byingenzi, hari amakuru yose mubikorwa byawe cyangwa ku isoko ashyigikira igitekerezo cyawe ko ikirego kidafite ishingiro.Ahanini kwibaza niba ushobora kwaguka uko ushobora gushyigikira umwanya wawe.
Yego yego.Urakoze Connor Nibyiza, muri rusange, mumyaka 15 ishize twashoye amafaranga menshi muri Reta zunzubumwe zamerika haba mubiguzi ndetse no kuzamuka kudasanzwe.Usibye kugura, twashyizeho leta nshya yikigo cyubuhanzi muri Texas.Ishoramari ryacu rirenga miliyari 1.8.Twinjiye mu kwagura ubushobozi bw'icyahoze ari Maverick na Hydril, kimwe n'icyahawe na IPSCO.Dufite ubushobozi bukomeye cyane bwo gukora muri Reta zunzubumwe zamerika kandi twuzuza umusaruro waho hamwe nibitumizwa hanze cyangwa ibicuruzwa kuburyo rimwe na rimwe bigizwe no kubura cyangwa gutanga ibice byisoko ryacu aho nta musaruro waho uhari, nta musaruro waho, umusaruro wimbere mu gihugu ni biracyahagije, umusaruro wimbere mu gihugu ntabwo uhagije.Ngiyo imyanya yacu muriki kibazo, birababaza, ntabwo twangije imbere [NTIBISHOBOKA] mumasezerano.Turi igice cyingenzi cyimbere [inaudible].
Muri rusange turi ibitekerezo byacu nubushake bwacu - ingingo tugiye gutanga kugirango twunganire icyaduteye ni DOC kuruhande rumwe nibibi bya ITC kurundi ruhande.Dufite urubanza rukomeye.Muri icyo gihe, twiteguye kongera umusaruro waho nkuko bikenewe - nkuko isoko ryiyongera rikomeza kubisabwa - mu kongera isoko.Nkuko nabivuze mu ijambo ritangira, twagiye duhuriza hamwe kuva mu Kwakira umwaka ushize - tugiye guhuriza hamwe abakozi barenga 1.600 kugira ngo bashyigikire umusaruro mu bigo byacu.Iki gisubizo ntigisanzwe kubibazo cyangwa ubucuruzi kandi bizanozwa guha abakiriya bacu umutekano wibicuruzwa kuruhande rwacu kumasezerano yose dufite.Imbuga umunani dukora ubu, mubyukuri, imbuga umunani muri Amerika.Nibikorwa byibyuma bya Bay City, Hickman na McCarthy, Baytown, Conroe, Koppel, ndetse birashoboka ko umuyoboro wa peteroli wa Blytheville.Ndashaka kuvuga ko, aribwo buryo bwizewe budasanzwe kandi busudira muri Amerika.Niba rero twibwira ko urubanza rwubucuruzi rudafite ishingiro, tuzarurwanirira cyane.Na none kubijyanye nigiciro, wabonye ko Pipe Logix yazamutseho 98% ugereranije numwaka ushize.Muri uru rubanza rero, kuzamura ibiciro 100 ku ijana biragoye kwishyura ibyangiritse.Mubyongeyeho, nkuko mubizi, ibigo byibyuma byabanyamerika ubu birerekana nimero zanditse.Tugiye rero kwirwanaho hamwe n’ishami ry’ubutabera mu rubanza rw’imvune ku giti cyacu.
Ibi urakoze cyane gushimira ibara ryaho.Rero, kwizirika ku isoko ry’Amerika, kimwe mu bibazo dukunze kubona ni uburyo HRC, ibiciro biri hasi cyangwa ibiciro byo gusudira biri hejuru bizashishikarizwa gutangiza inganda zaho.Urebye gusa ubuhanga bwawe bwo gusudira, ni iki ukeneye kubona ku isoko kugirango ushimangire rwose kongera gukora ubwo bushobozi?
Nibyiza, wabonye izamuka rikomeye ryibiciro bizashishikarizwa gutangiza ibihingwa byogosha imiyoboro, ntagushidikanya kubyo.Tugiye… tugiye kubikora muri Hickman.HRC igeze aharindimuka, yenda imipaka, kandi dushobora gutekereza ko uramutse urebye ejo hazaza, igiciro cya HRC gishobora kugabanuka mugihe runaka mugihe cya 2022. Ariko, uko mbona, ibiciro biri hejuru yibikomoka kuri peteroli yibicuruzwa bizatera inkunga gutangiza ubushobozi.Ariko, niba twibwira ko ibyifuzo byiyongera - nkuko dutegereje umubare wibikoresho bizakomeza kwiyongera mugihembwe gitaha, turateganya umubare wibisambo, kandi turateganya umubare wibisambo, kandi abakiriya bacu baremeza iyi ngingo yo kubona izindi abasesenguzi.guhera ubu, ongeramo ibyuma 100 mugice cya kabiri cya 2022. Kubwibyo, hamwe nisoko rigenda ryiyongera kuri OCTG, igiciro cyingurube zishyushye kizagenda kigabanuka buhoro buhoro mugihe kizaza, kandi turabona ko ubwoko bwo gusudira buzinjira kumasoko.Ariko, ibisabwa bizakomeza guhagarika ibicuruzwa.Njye mbona, igiciro kizakomeza imbaraga zacyo nziza.
Mwaramutse.Ku nshuro yambere rero mugihe kirekire, ndibuka itangazo ryanyu ryamakuru ryerekeye iterambere rya offshore mukarere kinshi.Niba nibuka neza, ubucuruzi bukomeye bwo hanze bwagize uruhare runini mugusunika EBITDA hejuru ya 25% mukwezi gushize kandi ntitwigeze tubibona kuva 2014. None, mwebwe mutegereje kangahe muri 2022?Niba ugomba gukeka, tuzabona vuba marge hejuru ya 25%?
Nibyiza, twemeranya ko tubona ubucuruzi bwo hanze butangiye gukira.Kuva mu gihembwe cya mbere cyumwaka utaha, dushobora kubona byinshi muri uku gukira gutangira.Ibi bizaba intangiriro yambere, ariko rero inzira izakomeza.Turateganya ko imishinga minini ifata ibyemezo byanyuma byishoramari muri 2022 kandi bigahinduka buhoro buhoro aho duhagaze no kugurisha cyangwa ibisabwa mugice cya kabiri cya 2022 na 2023. Bifata igihe.Uyu munsi turabona inyungu nyinshi.Ubucuruzi bwo hanze bugaragara cyane cyane muri Amerika y'Epfo, Mexico, Burezili na Guyana.Muri utu turere, kurugero, ibimenyetso byo gukira bitangiye kwerekana.Ariko ndatekereza ko mu 2023 utundi turere nabwo tuzafatanya - hazabaho imishinga mishya-mega mu gice cy’iburasirazuba bw’isi, Afurika, izaza gufata ibyemezo by’ishoramari no kuyishyira mu bikorwa.Nibyo, arimo aratera imbere…
bikomeye.Nkibisobanuro kuruhande rwikibazo cya Connor kijyanye nubucuruzi bwubucuruzi, ushobora gusobanura bike kubijyanye n’amafaranga yagurishijwe muri Amerika muri iki gihe akorerwa muri Amerika?Dufate ko inganda zawe zo muri Amerika zitangiye gukora ku bushobozi bwuzuye, ni iki kizakenerwa muri Amerika - Amerika isaba ibyo ugurisha, ibyo ushobora gutanga mu karere?Hariho ubwoko bw'imiyoboro idashobora gukorerwa hano kandi igomba gutumizwa hanze?
Mwaramutse Igor.Ahari umurongo muri Buenos Aires ntabwo ukora, simbizi, ahari Luca cyangwa Herman bazasubiza iki kibazo.
Twese turi muri ibi hamwe.Muraho, urakoze, Igor, kandi turi mu kidage.Iyo dufunguye umurongo uva Buenos Aires, navuga, mbere, ko duteganya gusaba ko dushobora rwose gukorera abakiriya bacu bariho kandi bakura.Nkuko twabitangaje mu byumweru bike bishize, kuri ubu dufite ikigo cy’Amerika aho duteganya gukoresha abantu 1.000.Dufite amafaranga angana kugirango twongere ubushobozi bwimbere.Igor, ntabwo dusanzwe tugaragaza inkomoko nibindi ariko ugomba gutekereza kuri Tenaris nka sisitemu yinganda ku isi isanzwe yubaka ubushobozi bukomeye bwo gukora mu gihugu nkuko twabitangaje binyuze mubushoramari burenga miliyari 10.Iyuzuza kandi umusaruro uva mubindi bice bya sisitemu yinganda kwisi, kandi turashaka kubikora murubu buryo.Twizere ko ibi bikemura ikibazo cyawe.
Murakoze.Ikibazo gikurikira kiva kuri Alessandro Pozzi wa Mediobanca.Umurongo wawe urakora.
Muraho, urakoze kwakira ikibazo cyanjye.Wavuze ko mu gihembwe cya kane ushobora kubona - gukura hafi y'ubwangavu.Ndimo nibaza wenda muriki cyiciro nawe urumva neza umuvuduko wubwiyongere mugihembwe cya mbere, kandi nibaza niba bishoboka kongera umuvuduko wubwiyongere mugihembwe cyambere.Ahari nk'ikurikiranwa, ndizera ko wavuze ko guhera mu gihembwe cya kabiri cy'umwaka utaha, uzashobora kubona ingaruka nziza zo kongera ibicuruzwa mu burasirazuba bwo hagati.Ndimo nibaza niba ushobora kutubwira byinshi kubyerekeranye no gukira ubona muburasirazuba bwo hagati numwaka utaha.
rwose.rwose.Mugihe tugitegereje Paolo, nzasubiza ikibazo cya kabiri kijyanye n'uburasirazuba bwo hagati, aho tubona guhagarika ibikorwa byo gucukura.Kugeza ubu, twabonye gukira mu buryo bworoheje.Ugereranije no mu ntangiriro z'umwaka, umubare w’ibikoresho byo gucukura mu burasirazuba bwo hagati wiyongereyeho 5% gusa.Turacyari hafi 35% munsi yurwego rwibanze, ariko turabona ibi bihinduka.Turimo kugabanuka k'umubare w’ibicuruzwa kandi turateganya ko gucukura bizagenda byihuta mu mpera zuyu mwaka kugeza mu 2022 bijyanye na gahunda yo gukoresha amafaranga yo kuzamura no kongera umusaruro.Ikindi gice cyingenzi kigabanya amafaranga yinjira muburasirazuba bwo hagati ni uguhindura imiterere muri UAE.Uzi ko twimukiye muri Rig Direct, nuko habaho kugabanuka kubarura.Mubyongeyeho, hari icyuho hagati yamasezerano ya kera na mashya ya Koweti.Ibyo rero byanagize ingaruka kubisabwa bigaragara mugihembwe gishize ndetse nigihembwe gikurikira.Ni muri urwo rwego, nkuko wabivuze, turateganya ko ibicuruzwa byacu mu burasirazuba bwo hagati bizakomeza kuba bimwe mu bihembwe bibiri biri imbere ugereranije n'ibihe byashize.
Ariko, nkuko byavuzwe mugihe cyanyuma cyo guhamagarwa, turateganya gusimbuka guhuza gutangira muri Q2 22 na nyuma yayo kuko dufite umubare munini wamasezerano ategereje mukarere.Kugirango wongere ibara kuriwe, muri Arabiya Sawudite, twatanze iterambere ridasanzwe ryububiko bwa Jafura.Twabonye uburyo Aramco yo muri Arabiya Sawudite yatangije imishinga minini yo kwagura inyanja.Muri Koweti, twakiriye icyemezo cyacu cya mbere cyo gusesa, ibyo bikaba bidusigiye gushidikanya kubyerekeye kugemurwa mu gihembwe cya kabiri cyumwaka utaha kubera gushishikara imyaka myinshi twatanze ibitekerezo ku gihembwe gishize.Byongeye kandi, ibikorwa muri UAE byatanze icyizere, aho Rig Direct yohereza muri ADNOC iteganijwe kwiyongera mu 2022. Twabonye kandi ubushakashatsi bwa gaze bushimishije muri UAE, atari muri Abu Dhabi gusa no muri Ras Al Khaimah na Sharjah, biragoye cyane amariba asaba imvange ikungahaye.Icya nyuma ariko si gito, mu ijambo rye ritangiza, Paolo yavuze Qatar, iherutse gutsindira amasezerano akomeye ya Qatari kandi yongeraho OCTG mu masezerano yacu.Turacyari hano kandi iri soko naryo rizakomeza gukomera kuri twejo hazaza.Kubwibyo, ndizera ko guhera mu gihembwe cya kabiri cya 2022 hazabaho gusimbuka bihuye hamwe nigipimo gishya muburasirazuba bwo hagati.
Ni ryari dutegereje ko uburasirazuba bwo hagati bushobora gusubira kurwego rwa pre-COVID-19?Ni 2022 cyangwa ikindi kintu umwaka utaha?
Yego.Kugeza 2022, uku gusimbuka kugomba kutugarura kumurongo winjiza 2020 kandi twizere ko na 2019, ariko kuriyi nzego.
BYIZA Tugarutse ku kibazo cya mbere kijyanye no kongera umusaruro winjira mu gihembwe cya mbere, twakagombye gutegereza ko imibare yiyongera kabiri mu ntangiriro za 2022?
BYIZA Oya, nicyo gitekerezo kimwe navuze kare, turagereranya ko kuzamuka kwinjiza kwinjiza mu gihembwe cya mbere cya 2022 bizaba hagati yingimbi.
Murakoze.Ikibazo gikurikiraho kiva kuri Frank McGann muri Banki ya Amerika.Umurongo wawe urakora.
Nibyo, urakoze cyane.Ibibazo bibiri gusa, niba bishoboka.Icyambere, ukurikije ibyo wabonye.Nkuko wabivuze mu bihe byashize, wabivuze mu itangazo rigenewe abanyamakuru ko abikorera ku giti cyabo aribo nyamukuru batera imbere.Ndimo nibaza uko bigenda - mubona gute bigenda bitera imbere?Ibi biratangiye guhinduka?Urabona ibigo byinshi kandi byinshi bya leta bitangiye byibuze gufungura amafaranga make?Hanyuma, ukurikije igitutu cyibiciro urimo kubona, biragaragara ko ibiciro byazamutse vuba kuburyo bisa nkaho birenze kubyuzuza, bikavamo kwiyongera cyane mubunini.Ariko - urabona itandukaniro ryibiciro ritangira kuba ikibazo nyuma yigihembwe cyangwa bitatu?
Urakoze Frank.Nibyiza, mbere ya byose, ndashaka gusaba Luca Zanotti gutanga ibisobanuro kuburyo ibigo byigenga nibya leta bishora imari muri iyi minsi.
Yego.Urakoze Paul ndashaka kuvuga, reba, ubuhanuzi abakiriya bacu batanga buracyashingira kubiciro byibicuruzwa, ubu bigira ingaruka rwose kubidukikije byubaka turimo tubona ubu.Ibi rero birashobora guhinduka.Muri iki gihe uko ibintu bimeze, turabona ko abikorera bakomeje kugira uruhare runini muri uku kuzamuka mu bushobozi.Ariko na none, niba usomye abigenga binini, abigenga rusange bigenga, uzasanga bivuze ko ejo hazaza hashobora guhinduka bitewe nibidukikije.Nkuko nabivuze, ibidukikije bisa nkaho byubaka kuruta kera.Mubyongeyeho, hari ikindi kintu tugomba gusuzuma, aricyo M&A ikomeje, ishobora no guhindura gato imyumvire yigihe kizaza.Nizere ko ibi bigukorera.Yego.Urakoze Luka.Kubijyanye nigiciro, uzi neza ko tunyuze mugihe cyumuvuduko ukabije kubera impinduka zikomeye mubiciro byibyuma ningufu, ndetse nibibera muburayi uyumunsi.Ariko, nkurugero, kubijyanye nicyuma, igiciro cyamabuye yicyuma cyazamutse vuba cyane, hanyuma Ubushinwa bufata icyemezo cyo kugabanya umusaruro wibyuma kuburyo butunguranye kandi kubwinshi kuburyo bagabanije igiciro cyamabuye y'icyuma cyane.Ubu amakara ahenze cyane, ahenze cyane kubera imbogamizi nimbogamizi murwego rwingufu.Ubukwe bwiyongereye, ariko vuba aha umutungo wagabanutse.Hariho rero decoupling hagati y'ibihinduka twakoresheje hamwe mbere, ntabwo rero byoroshye guhanura.Ariko kuri ubu, ikiguzi - gutsindishiriza igiciro cyibikoresho fatizo, ingufu, nibikoresho - biri kurutonde rwacu.Mugihembwe cya kane, ndatekereza ko ingaruka zose zizagaragarira mubiciro byacu byo kugurisha.Irasubizwa, nkuko wabivuze, numusaruro muke hamwe na assimilasiyo nziza.Niba ndebye ahazaza, ndatekereza ko zimwe murizo mpinduka zizaba zisanzwe, kurugero, turateganya kugabanuka gahoro gahoro kubiciro byingufu, wenda nyuma yimpeshyi - isoko yi Burayi, nyuma yubukonje.Ndetse rero ikiguzi kizaba - urunigi rwo gutanga ruzitabira kandi dushobora kuba dushobora kubamo bike muriyi mvururu zikabije hamwe n’ihungabana twabonye mu kwezi gushize.Muri raporo zacu, ndatekereza ko ibi bizagaragarira neza mugihembwe cya kane nigihembwe cya mbere cya 2022.
Murakoze.Ikibazo gikurikira kiva kuri Stephen Gengaro wa Stifel.Umurongo wawe urakora.
Murakoze.Mwaramutse.Mwaramutse neza banyakubahwa.Wasubije byinshi.Gusa mfite amatsiko uburyo ibi bifitanye isano nurubanza rwubucuruzi iyo utekereje kumusaruro wawe wo murugo cyangwa muri Amerika hamwe nibicuruzwa biva kumasoko yandi.Nzi ko udashaka guhishura amakuru arambuye.Ariko iyo utekereje kubyiza bishobora kuba byiza, nzi ko mumyaka mike ishize, niba ibi bibazo bibaye, ibiciro kumasoko yo muri Amerika bikunda kuzamuka.Ni izihe ngaruka nziza ku nyungu zawe.Hariho uburyo bwo gusobanura imikoranire iyo ari yo yose hagati y’inyungu z’umusaruro w’Amerika n’amahoro agabanya ibiciro yinjira mu gihugu?
Nibyiza, uvuze ukuri, nkuko byahoze, ibi bishobora kugira ingaruka kubiciro.Ariko, nkuko mubizi, ibiciro byabanyamerika byazamutse mumezi 13 ashize.Amezi n'amezi, ibiciro bizamuka kandi bikomeye kuko ibiciro bya Pipe Logix byazamutseho 12% mukwezi gushize.Hariho rero kuzamuka kw'ibiciro.Noneho - hamwe niki cyerekezo, kugabanywa kuruhande cyangwa kugabanya ibicuruzwa bitumizwa mu mahanga, cyane cyane kubicuruzwa byiza, bishobora kuganisha ku ntera.Ibi birashobora kubaho.Ariko kuri njye mbona ibikoresho ari bike.Ku bijyanye n’ingaruka z’ibarura, ibarura ryari ku rwego rwo hejuru mu ntangiriro zuyu mwaka, ku buryo bimwe na bimwe byagabanije izamuka ry’ibiciro kuko ibarura ryavuye ku byifuzo bikoreshwa.Ubu ibarura ryaragabanutse kugera ku mezi ane, amezi 4.5.Rero, urwego rwibigega ni ibisanzwe cyangwa biri hasi kurwego ruteganijwe rwo gukoresha.Iki rero nacyo nikintu kigira ingaruka nziza kubiciro.Njye rero kuri njye mbona nubwo tutitaye kubibazo byubucuruzi, tuzabona igitutu cyibiciro.Hanyuma, ahari, urubanza rwubucuruzi rushobora kwerekana ishingiro ryiyongera mubice bimwe byokoresha.
Murakoze.Ikibazo gikurikira kizaturuka kumurongo wa Vaibhava Vaishnava ukomoka kuri Cocker Palmer.Umurongo wawe urakora.
Mwaramutse mwese kandi urakoze gusubiza ikibazo cyanjye.Icyambere, ikibazo gusa.Ndibwira ko basore mugamije kuzamura Q4 impuzandengo yinjiza, ariko kandi mwavugaga Q1 22 kuzamuka kwinjiza?
Nubwo uburasirazuba bwo hagati buringaniye.Ni iki kibatera?Hoba hari benshi muribo muri Amerika ya Ruguru?Cyangwa ni iki kibatera?
Nibyiza, Amerika ya ruguru rwose igira uruhare.Kandi ndashaka kuvuga muri Amerika y'Epfo ibikorwa byo gucukura biriyongera.Ibiciro bya peteroli hafi $ 80 ni ngombwa ugereranije n’aho twari umwaka ushize.Ibiciro bya gaze muri Amerika biri hafi $ 5 kandi LNG nayo ishyigikira urwego rwo hejuru rwibikorwa.Biratwara rero - Kanada ni ikintu.Iyo mvuze ibyinjira, nshiramo igiciro.Niba rero hari ubwinshi, hariho igiciro.Guhuza ingano nigiciro, ibisabwa nubucucike, bituma iterambere ryiyongera.