This Genie Could Escape the Bottle
Genie Energy (GNE) started trading last year with little fanfare and limited analyst coverage. This unseasoned stock understandably remains under most investors' radars, but its mix of value and potential growth also contains a technology kicker that has garnered interest from insiders, and now me.
Genie was spun off by IDT Corporation (IDT) last year and is composed of two divisions. IDT Energy is a reseller of electricity and natural gas to customers in New York, Pennsylvania and New Jersey. Genie Oil and Gas is an unconventional energy company focusing on in-situ removal of shale oil. IDT Energy produces steady revenue and cash flow with the potential for solid expansion as the company moves into new markets. Genie Oil and Gas is an option on new methods of extracting oil that could lead to huge gains if approved in the United Sates or Israel....595 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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