Ryan McGrail, Senior Credit Research Analyst


Ryan McGrail is a vice president and senior credit research analyst at Loomis, Sayles & Company, covering the energy, pipelines and MLP sectors. Ryan has 15 years of investment industry experience. Upon joining Loomis Sayles in 2004, he assisted analysts in the retail, energy and chemical sectors before being promoted to associate, junior analyst and now senior analyst for the energy and pipeline space. He began his investment industry career as an operations analyst at Essex Investment Management. Ryan earned a BA from the University of Massachusetts at Amherst and is currently completing an MBA at Northeastern University.

Recent Posts

Border Tax:  Should We Anticipate a Backdoor Gasoline Tax?

Posted by Ryan McGrail, Senior Credit Research Analyst on Mar 16, 2017 10:15:00 AM

How might the new administration make good on its promise of a lower corporate tax rate? The House has proposed funding the cut with a new border tax on imports (BAT). While taxing imports may sound straight forward, there are many less obvious details that need to be hashed out including, specifically, whether or not imported crude oil would be exempt from this BAT.

Crude oil imports

Growing US oil production from the booming shale industry over the past few years has allowed the US to reduce its reliance on imported crude oil from the Middle East, Canada and Mexico. However, the US still imports over 7 million barrels per day. While OPEC accounts for a significant amount of the imports (34%), Canada and Mexico combine to account for a larger share at 44% of imports.

While things between the US and Mexico have appeared frosty since President Trump assumed office, relations with Canada have been more favorable with Trump signing an executive order to advance the Keystone pipeline. Additionally, White House press secretary Sean Spicer has indicated that the administration would favor a border tax that would likely apply only to countries where the US has a trade deficit, which would include Mexico, but not Canada.

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Topics: Commodities

Keystone Pipeline Suffers Rejection Syndrome

Posted by Ryan McGrail, Senior Credit Research Analyst on Nov 19, 2015 9:26:49 AM

Originally proposed in 2005, TransCanada’s Keystone XL pipeline would have transported over 800,000 barrels per day of crude oil from Canada to Gulf Coast refineries.

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Topics: Credit Research, Commodities, Fixed Income

Loomis Sayles analysts are career professionals who offer deep knowledge and experience in a diversity of global asset classes and market sectors. These dedicated experts provide the insight essential to supporting our portfolio management teams across a wide range of investment strategies.


 

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