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First Trust is a Standout at AOG’s Annual Energy Panel Forum & Economic Outlook Event

by AOG Wealth Management

AOG Wealth Management held its 3rd annual Energy Panel forum event, combined with an economic outlook presentation provided by Bob Stein, Deputy Chief Economist with First Trust. The event was held on May 7th at the Tower Club in Tyson’s Corner, VA and welcomed over 50 accredited clients. Attendees dined while listening to Mr. Stein’s perspective on how the ever changing U.S. political climate impacts the economy, and how those changes then impact the investment community. Bob Stein is Deputy Chief Economist at First Trust Advisors L.P. where he is responsible for forecasting and analyzing economic indicators as well as writing economic commentaries. Immediately prior to joining First Trust, Mr. Stein was Assistant Secretary for Economic Policy at the U.S. Treasury Department.

In addition to Mr. Stein’s compelling U.S. Political and Economic Outlook presentation, AOG’s CEO & President, Fred Baerenz, moderated a panel of industry experts in the field of oil and gas investments. Panel members included the Director of Marketing from one of the United States’ most prominent independent oil and natural gas producers in the Anadarko and Permian Basins of Texas, Oklahoma and New Mexico. The company’s success over the years can be attributed to a conservative approach to the business and a philosophy of managing all phases of operations from “prospect to pipeline.” Joining the oil and gas investment representative was Steve Bailey. Bringing thirty years of experience on Capitol Hill, the Executive branch, and the private sector, Mr. Bailey manages the budget and tax practice for Heather Podesta + Partners. His in-depth knowledge of tax policy and politics is rivaled by few others and offered a unique view of the impact of Capitol Hill on a variety of investment opportunities.  In addition, Mr. Stein joined the panel and provided significant insight on the relationship between politics and energy and oil investments. Fred posed a number of intricate questions to the panel such as:

  • What has been the overall impact on the economies of drilling as a result of the drop in oil prices? (JO)
    • Favorable leasing opportunities
    • Reduced operating/drilling costs
  • At $60/barrel oil, and current costs, is a 5 year payout to 100% cash on cash return a reasonable goal?
  • Will the EPA be successful at limiting hydraulic fracturing?
  • The drop in oil prices has made for cheaper gasoline. What sectors have realized the most positive impact from lower energy prices?
  • Will the dollar continue to strengthen against most other currencies, and how will the price of oil impact that dynamic?


AOG attendees then participated in a Q&A with Fred and the panel members. The event was overwhelmingly well received and provided an excellent educational forum for AOG’s clients. Since the event, please review the attached link to the Wall Street Journal entitled ‘Oil Prices:  Where Next?  Here are the Forecasts’.  Global experts expect oil to trade on the Nymex Futures Market between $52 and $75 in 3Q15 and between $53 and $83 in 4Q15.

To learn more about AOG Wealth Management and its specialized approach to institutional-quality wealth management advice and asset management, please contact us at 1-877-600-3573 or visit AOG on the Web at

Disclosure Statement:

Oil and gas exploration, development, and production activities inherently involve highly speculative activities in which results cannot be exactly predicted and which necessarily involve risk of loss of one’s entire investment. Investment in the partnership is suitable only for “accredited investors” within the meaning of Regulation D defined by the Securities and Exchange Commission under the Securities Act of 1933 and amended by the The Dodd–Frank Wall Street Reform and Consumer Protection Act which requires investors to possess the financial ability and willingness to accept the high risks and lack of liquidity inherent in the partnership. All of the information furnished in connection with a partnership is derived through the use of scientific or other techniques associated with the oil and gas business, and, as such, should not be relied upon as statements of fact. Any reserve estimates, price calculations, price forecasts, exploration potential, predictions, or similar information contained in the material furnished in connection with a partnership are, or may well be, estimates only and may not be indicative of actual results. Legal and Tax professionals should be consulted before any investment is considered in a project.

Category: Blog