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Genie Energy Ltd. (GNE)

NYSE - NYSE Delayed Price. Currency in USD
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6.78+0.55 (+8.83%)
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  • G
    GS
    GS
    I re-listened to the Q2 earnings call this morning to remind myself of when they said we might hear something. They said they should have results of Ness 10 drilling by the end of the 3rd quarter. They also said if they had results earlier, they would "alert" us and if it was later, they would "do our best" to notify us. Unfortunately, as the end of the quarter approaches, their statements last quarter provide little help. Trading volume certainly doesn't suggest any announcement in the next 10 days (8 trading days). Shana Tovah to any posters celebrating the Jewish new year.
  • S
    Steven Richard
    Steven Richard
    Remember what I shared with this board 21 days ago. Well it seems that little bible carrying bunch of deplorable christian believers are about to hit it big. I once again will give you my opinion, I currently own stock in both Zion and Genie. A poor man's company and a rich man's company. I offer this to all of you only to lift you, trust me when these rich people see these poor christian believers making a profit while they sit and watch, things will happen. Unfortunately, it will probably mean war which I never have nor never will wish for Israel. But in the end Israel will prevail! Watch the news it will be coming any day now and when you see Zion announce you better hurry if you want some more Genie Energy stock!
  • I
    IQ_160
    IQ_160
    It's Sep. 6th, 10:30 AM, and there aren't any trades yet. My interpretation is that there are buyers, but no sellers.
    Or, maybe it's wishful thinking.
  • A
    Aaron
    Aaron

    https://www.ynetnews.com/articles/0,7340,L-5015792,00.html

    Russia urges Syria not to respond to Israel's attack
    ynet News: Ynetnews brings top breaking news from Israel, the Middle East, the War on Terrorism through the Israeli Palestinian Conflict to business & culture.
    www.ynetnews.com
  • S
    Steven Richard
    Steven Richard
    It will be very interesting to watch if in fact Zion Oil and Gas has a commercial find 26 miles south of Genie's. What will happen. now that Genie has originated a drilling company in Israel? It could possibly assist Zion in developing this potential oil field. But I can not imagine the owners and some stockholders of Genie sitting in silence watching common shareholders (poor people) make money while they sit and wait with their Golan Gold!
  • I
    IQ_160
    IQ_160
    The very anemic behaviour of the stock today, is an indication that exploratory well # 6 has not restarted work yet.
  • G
    GS
    GS
    My apologies to the regulars on this board. Last week I posted an editorial I found in the Asian Times. While it referenced GNE, it also referenced ZN. I fear that may have led to the recent influx of ZN posts. Slicha.
  • A
    Aaron
    Aaron

    Genie's Latest News: Diversegy Introduces "MATT", a New Matrix Pricing Tool
    Energy Agents Can Access Real Time Pricing to Reduce Proposal Lead Times and Improve Accuracy
    NEWARK, N.J., Aug. 23, 2017 /PRNewswire/ -- Diversegy, LLC, a commercial energy advisory firm and subsidiary of Genie Energy (NYSE: GNE, GNEPRA), today released a powerful matrix pricing tool on its "ELIAS" (Energy Lead Information Allocation System) sales platform.
    Genie Energy is a leading provider of electricity and natural gas to homes and small businesses in the Eastern U.S.
    Genie also operates an E&P company with an active exploratory program in Northern Israel.
    The new tool, "MATT" (Matrix Analysis Tool and Tracker), provides access to continuously updated commercial commodity pricing from electricity and natural gas suppliers in the Diversegy portfolio.
    "MATT was developed to provide our preferred agents with pricing from our portfolio of 35+ suppliers," said Michael Stein, CEO of Diversegy and COO of Genie Energy. "With just a few clicks, our preferred agents can generate multiple pricing scenarios and proposals, and request procurement agreements. Proposals can be delivered faster, more easily, with greater accuracy and in real-time," added Stein.
    The ELIAS energy sales platform provides Diversegy preferred agents with an expert inside sales team, price desk, operations team, and sales management platform. They can build sales teams, earn overrides, track and project commissions, access marketing and training material, and generate personalized websites to service their customers.
    MATT further strengthens the platform enabling experienced brokers and casual referral agents alike to look across both standard and non-standard term lengths in order to create best-case pricing scenarios for their customers.
    "This pricing matrix tool has been an important resource for our internal sales team. Now, we are making it available to our preferred agents so that they too have instant access to pricing from top suppliers and use that data in real time to make apples-to-apples comparisons during meetings and calls with their clients," said Stein.
    To learn more about Diversegy and join their agent program, visit www.DiversegyPro.com/Matrix-Pricing-Tool/
    About Diversegy LLC: Diversegy is a commercial energy advisory firm focused on helping clients to reduce costs, mitigate risk, and improve their bottom lines through the development and implementation of energy utilization and sourcing strategies. Diversegy is a subsidiary of Genie Energy (NYSE:GNE, GNEPRA).
    View original content with multimedia:http://www.prnewswire.com/news-releases/diversegy-introduces-matt-a-new-matrix-pricing-tool-300506807.html
    SOURCE Genie Energy Ltd.

    Electricity Matrix Pricing | Instant Energy Pricing
    On demand, updated electricity supply pricing to compare suppliers and terms to find best electricity supply pricing.
    www.DiversegyPro.com
  • I
    IQ_160
    IQ_160
    Does anybody know whether exploratory well number 6 in the Golan Heights, has restarted drilling ?
  • m
    murray
    murray

    http://www.iamisraelfilm.com/

    I AM ISRAEL | Official Movie Site | Now On Blu-Ray & DVD
    www.iamisraelfilm.com
  • G
    GS
    GS

    Here's an interesting opinion piece (August 9th) from the Asian Times of all places about China's interest in the Golan and regional stability. It references Afek (and Zion), but with old information about the resource that may be there. http://www.atimes.com/ds-oil-bonanza-golan-heights-jezreel-valley/

    Oil bonanza in Golan may help grease wheels for BRI
    Asian news hub covering geo-political news and current affairs across Asia
    www.atimes.com
  • A
    Aaron
    Aaron
    I looked for the post and couldn't find it but someone here, who was still longer term bullish on the stock, predicted a down move would occur. He did so before the earnings release/conference call on August 3rd. Since I dislike it when folks refuse to admit they are wrong I am doing so here. I can't recall your post exactly , but good call. I think this was your level.
  • G
    Guest User
    Guest User
    What is supporting the dividend? Thanks in advance.
  • K
    Kona
    Kona
    Can anyone explain all the Insider transactions that were filed today (Aug 8)? It appears to be vested restricted shares and some options that are being ‘realized’ & exercised with certain shares held back for taxes. Though the CFO also sold some.
    What I don’t understand is where the restricted stock came from…. For instance, I don’t see Goldin having any in the recent proxy and there are no options maturing for 4 years, so why exercise now?
  • A
    Aaron
    Aaron

    Here is a link to a transcript of the conference call after earnings on August 3rd. https://seekingalpha.com/article/4095644-genie-energys-gne-management-q2-2017-results-earnings-call-transcript

    Genie Energy's (GNE) Management on Q2 2017 Results - Earnings Call Transcript
    Genie Energy Ltd. (NYSE:GNE) Q2 2017 Results Earnings Conference Call August 03, 2017 08:30 AM ET Executives Geoff Rochwarger - Vice Chairman and CEO-Genie Oil
    seekingalpha.com
  • K
    Kona
    Kona
    What are the odds that a small NJ based company that no one has heard of will report during their Q2 earnings call an oil find in, of all places, Israel? I’d think the odds are low to none. This would be too big of news to occur in that manner, regardless of regulatory rules around earnings announcements/ material events. Thoughts? I’m thinking the best case scenario for Q2 is that they’ll punt on the release of definitive information.
  • G
    Galebigred
    Galebigred
    This nice little rise today is very easy to explain. Howard Jonas filed a Form 4 this afternoon which shows he transferred a significant amount of Genie shares (177,223) to his children and an annuity trust (2,034,262) usually known as a GRAT in estate planning language. Why would one do this? The key is to transfer assets that are likely to appreciate significantly in value. This appreciation which would occur if the share price were to increase would keep the increased value out of his estate. A very positive sign for the longs and the upcoming earnings announcement imho.
  • G
    GS
    GS
    Since the next earnings announcement is the morning of the 3rd, and they said they would announce results prior to the next earnings call, that leaves just four trading days for results to be announced. Except for the Jonas Form 4, price movement has been minimal. Stay tuned. Maybe it will be such a market moving announcement, we'll hears something today after the close (wishful thinking).
  • D
    David
    David
    although I despise most of the board of directors.. I can't help but want to capitalize on my otherwise misspent tax dollars infesting in this one.. but going to wait for what is almost a sure pullback to $5.86-6 range before it runs higher to double digits
  • G
    GS
    GS
    Trading volume is always light, but today's volume is eerie.