3 Oil Stocks Heating up for February: Genie Energy, SilverBow Resources, and VAALCO Energy GNE – Crude oil continues to recuperate from a wicked 2020 demand shock. The industry has responded with a successful, herculean effort to safely operate essential assets in an unprecedented and challenging period. A widespread coronavirus vaccination effort and accelerating economic activity, coupled with global supply restrictions, have renewed optimism around the industry. As a result, stocks like Genie (GNE), VAALCO (EGY) and SilverBow (SBOW) could be heating up. Curious? Let’s dig in. Feb 10, 2021 Global oil markets entered the new year with momentum, having hit a nine-month high in December. This can be attributed to a reviving global economy, with a resumption of industrial and economic activities. With a global COVID-19 vaccine roll out and easing of social distancing restrictions, global oil demand is expected to recover by 5.5 mb/d to 96.6 mb/d in 2021, following a collapse of 8.8 mb/d in 2020.