Richard McGee - Plains GP President
| PAGP Stock | USD 21.43 0.06 0.28% |
President
Dr. Richard K. McGee is Executive Vice President, General Counsel, Secretary of the General Partner of the company. He has served as Executive Vice President, General Counsel and Secretary of GP LLC since February 2013. He served as Vice President, General Counsel and Secretary from March 2012 until February 2013 and served as Vice President and Deputy General Counsel from August 2011 through March 2012. He also served as Vice PresidentLegal and Business Development of PAA natural gas storage business from September 2009 through March 2012. From January 1999 to July 2009, he was employed by Duke Energy, serving as President of Duke Energy International from October 2001 through July 2009 and serving as general counsel of Duke Energy Services from January 1999 through September 2001. He previously spent 12 years at Vinson Elkins L.L.P., where he was a partner with a focus on acquisitions, divestitures and development work for various clients in the energy industry. Mr. McGee also serves as Executive Vice President, General Counsel and Secretary of PAGP GP. since 2013.
| Age | 64 |
| Tenure | 12 years |
| Professional Marks | Ph.D |
| Address | 333 Clay Street, Houston, TX, United States, 77002 |
| Phone | 713 646 4100 |
| Web | https://www.plains.com |
Plains GP Management Efficiency
The company has return on total asset (ROA) of 0.0327 % which means that it generated a profit of $0.0327 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.0903 %, meaning that it created $0.0903 on every $100 dollars invested by stockholders. Plains GP's management efficiency ratios could be used to measure how well Plains GP manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Plains GP's Return On Tangible Assets are relatively stable compared to the past year. As of 01/18/2025, Return On Capital Employed is likely to grow to 0.08, while Return On Equity is likely to drop 0.12. As of 01/18/2025, Non Current Liabilities Total is likely to grow to about 10.1 B, while Total Current Liabilities is likely to drop slightly above 5.3 B.Similar Executives
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Management Performance
| Return On Equity | 0.0903 | ||||
| Return On Asset | 0.0327 |
Plains GP Holdings Leadership Team
Elected by the shareholders, the Plains GP's board of directors comprises two types of representatives: Plains GP inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Plains. The board's role is to monitor Plains GP's management team and ensure that shareholders' interests are well served. Plains GP's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Plains GP's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Constantine Liollio, Senior Projects | ||
| Jeremy Goebel, Executive Vice President—Commercial of the General Partner | ||
| Blake Fernandez, Vice LLC | ||
| Harry Pefanis, President COO, Director of the General Partner | ||
| Russ Montgomery, VP Controller | ||
| Brad Leone, Director LLC | ||
| Chris Chandler, COO, Executive Vice President of the General Partner | ||
| Sharon Spurlin, Senior Treasurer | ||
| Al Swanson, Executive LLC | ||
| Richard McGee, Executive Vice President General Counsel, Secretary of the General Partner | ||
| Chris Herbold, Chief Accounting Officer, Vice President - Accounting of the General Partner | ||
| Wilfred Chiang, Executive Vice President and COO - U.S and Director of the General Partner | ||
| Jim Tillis, Vice LLC | ||
| Dwayne Koehn, Senior LLC | ||
| Roy Lamoreaux, Investor President |
Plains Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Plains GP a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.0903 | ||||
| Return On Asset | 0.0327 | ||||
| Profit Margin | 0 % | ||||
| Operating Margin | 0.03 % | ||||
| Current Valuation | 11.84 B | ||||
| Shares Outstanding | 197.47 M | ||||
| Shares Owned By Insiders | 2.69 % | ||||
| Shares Owned By Institutions | 82.86 % | ||||
| Number Of Shares Shorted | 6.37 M | ||||
| Price To Earning | 12.36 X |
Pair Trading with Plains GP
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Plains GP position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Plains GP will appreciate offsetting losses from the drop in the long position's value.Moving together with Plains Stock
| 0.79 | AM | Antero Midstream Partners | PairCorr |
| 0.71 | EE | Excelerate Energy | PairCorr |
| 0.76 | ET | Energy Transfer LP Aggressive Push | PairCorr |
Moving against Plains Stock
| 0.51 | BPT | BP Prudhoe Bay | PairCorr |
| 0.5 | PXSAW | Pyxis Tankers | PairCorr |
| 0.46 | BROGW | Brooge Energy Limited | PairCorr |
| 0.32 | GEL | Genesis Energy LP | PairCorr |
The ability to find closely correlated positions to Plains GP could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Plains GP when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Plains GP - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Plains GP Holdings to buy it.
The correlation of Plains GP is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Plains GP moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Plains GP Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Plains GP can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Plains Stock Analysis
When running Plains GP's price analysis, check to measure Plains GP's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Plains GP is operating at the current time. Most of Plains GP's value examination focuses on studying past and present price action to predict the probability of Plains GP's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Plains GP's price. Additionally, you may evaluate how the addition of Plains GP to your portfolios can decrease your overall portfolio volatility.