Michael Grimm - Energy Transfer Director
Director
Mr. Michael K. Grimm is Director of Sunoco Partners LLC., general partner of the company. He is one of the original founders of Rising Star Energy, L.L.C., a privately held upstream exploration and production company active in onshore continental United States, and has served as its President and Chief Executive Officer since 1995. Prior to the formation of Rising Star, Mr. Grimm was Vice President of Worldwide Exploration and Land for Placid Oil Company from 1990 to 1994. Prior to joining Placid Oil Company, Mr. Grimm was employed by Amoco Production Company for thirteen years where he held numerous positions throughout the exploration department in Houston, New Orleans and Chicago. Mr. Grimm was an active member of the Independent Petroleum Association of America, the American Association of Professional Landmen, Dallas Producers Club, Houston Producers Forum, and Fort Worth Wildcatters. Mr. Grimm has served as a Director of our General Partner since December 2005.
| Age | 61 |
| Phone | 214-981-0700 |
| Web | http://www.energytransfer.com |
Energy Transfer Management Efficiency
The company has Return on Asset of 3.12 % which means that on every $100 spent on assets, it made $3.12 of profit. This is considered to be average in the sector. In the same way, it shows a return on shareholders' equity (ROE) of 10.37 %, implying that it generated $10.37 on every 100 dollars invested. Energy Transfer's management efficiency ratios could be used to measure how well Energy Transfer manages its routine affairs as well as how well it operates its assets and liabilities.The company has 33.9 B in debt with debt to equity (D/E) ratio of 99.5, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Energy Transfer Partners has a current ratio of 0.97, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Energy Transfer until it has trouble settling it off, either with new capital or with free cash flow. So, Energy Transfer's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Energy Transfer Partners sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Energy to invest in growth at high rates of return. When we think about Energy Transfer's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 10.37 | |||
| Return On Asset | 3.12 |
Energy Transfer Partners Leadership Team
Elected by the shareholders, the Energy Transfer's board of directors comprises two types of representatives: Energy Transfer inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Energy. The board's role is to monitor Energy Transfer's management team and ensure that shareholders' interests are well served. Energy Transfer'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, Energy Transfer's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ted Collins, Independent Director of the Energy Transfer Partners GP, L.P. | ||
| James Perry, Director of Energy Transfer Partners GP, L.P. | ||
| Kurt Lauterbach, Senior Vice President - Lease Acquisitions of Sunoco Partners LLC | ||
| James Wright, General Counsel of Energy Transfer Partners, L.L.C | ||
| Steven Anderson, Independent Director of Sunoco Partners LLC | ||
| Michael Galtman, Chief Accounting Officer, Controller of Sunoco Partners LLC | ||
| Michael Slough, Senior Vice President - Engineering, Construction & Procurement of Sunoco Partners LLC | ||
| Jamie Welch, Director of Energy Transfer Partners GP, L.P. | ||
| Kathleen SheaBallay, Senior Vice President General Counsel, Secretary of Sunoco Partners LLC | ||
| Thomas Mason, Sr. VP of Energy Transfer Partners LLC, General Counsel of Energy Transfer Partners LLC and Secretary of Energy Transfer Partners LLC | ||
| Thomas Long, CFO of Energy Transfer Partners LLC | ||
| Robert Owens, President of Retail Marketing - Energy Transfer Partners LLC | ||
| Richard Cargile, President of Midstream Operations for Energy Transfer Partners llc | ||
| Matthew Ramsey, Pres and COO | ||
| Marshall McCrea, President COO, Director of Energy Transfer Partners GP, L.P. | ||
| Peter Gvazdauskas, CFO, Treasurer of Sunoco Partners LLC | ||
| Ray Davis, Director | ||
| David Chalson, Senior Vice President - Operations of Sunoco Partners LLC | ||
| Troy Sturrock, CFO, Chief Accounting Officer | ||
| David Skidmore, Director of the General Partner | ||
| Michael Grimm, Independent Director of the Energy Transfer Partners GP, L.P. | ||
| Michael Hennigan, Director and Presidentident and CEO of Sunoco Logistics | ||
| Basil Bray, Independent Director of Sunoco Partners LLC | ||
| Scott Angelle, Independent Director of Sunoco Partners LLC | ||
| Brent Ratliff, IR Officer | ||
| Kelcy Warren, Chairman of The Board of Directors of Energy Transfer Partners Llc - General Partner and CEO of Energy Transfer Partners Llc - General Partner |
Energy 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 Energy Transfer 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 | 10.37 | |||
| Return On Asset | 3.12 | |||
| Profit Margin | 4.08 % | |||
| Operating Margin | 18.69 % | |||
| Current Valuation | 67.3 B | |||
| Shares Outstanding | 1.17 B | |||
| Shares Owned By Insiders | 2.71 % | |||
| Shares Owned By Institutions | 63.20 % | |||
| Number Of Shares Shorted | 11.08 M | |||
| Revenue | 33.27 B |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Energy Transfer in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Energy Transfer's short interest history, or implied volatility extrapolated from Energy Transfer options trading.
Pair Trading with Energy Transfer
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 Energy Transfer 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 Energy Transfer will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Illinois Tool could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Illinois Tool 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 Illinois Tool - 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 Illinois Tool Works to buy it.
The correlation of Illinois Tool 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 Illinois Tool moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Illinois Tool Works 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 Illinois Tool 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.Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Other Consideration for investing in Energy Stock
If you are still planning to invest in Energy Transfer Partners check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Energy Transfer's history and understand the potential risks before investing.
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