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Genie Energy Ltd. Reports Fourth Quarter and Full Year 2020 Results


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NEWARK, N.J., March 11, 2021 /PRNewswire/  Genie Energy Ltd. (NYSE: GNE, GNEPRA) reported fourth quarter 2020 loss of $0.06 per diluted share on revenue of $102.9 million, and full year 2020 earnings of $0.44 per diluted share on revenue of $379.3 million. 
4Q20 AND FULL YEAR 2020 FINANCIAL AND OPERATIONAL HIGHLIGHTS
(Throughout this release, 4Q20 results are compared to 4Q19 results and FY 2020 results are compared to FY 2019 results unless otherwise noted)
4Q20 consolidated revenue increased 25.5% to $102.9 million. Full year 2020 consolidated revenue increased 20.3% to a company record of $379.3 million.
4Q20 consolidated loss from operations was $1.1 million compared to income from operations of $2.3 million in 4Q19. 4Q20 consolidated Adjusted EBITDA ....

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GNE: 3 Oil Stocks Heating up for February: Genie Energy, SilverBow Resources, and VAALCO Energy


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 ex ....

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