Genie Energy Ltd (GNE)

[dby03]

I'm not in GNE, but I've read a little about their finds and who is on their board.

When I read about the 350 wide meter oil 'show' (reported in 2015) I started looking at them. Couldn't find out why it hadn't popped, and was wondering about the location in the Golan and what's up with those prominent board members.

As it has come down from the $7 range I have watched and wondered.

I think the Golan is part of the driving force as to what's happening with this stock, although I'm surprised to see them suspend oil and gas drilling operations in the interim. I have wondered if production from a huge oil 'show' would be seen as too politically volatile.

If what's in the video is true, then the pace of change and challenge has just amped up. With Saudi lining up to work with Israel against Iran shows a similar amping.

There's also been recent discussion of the Saudi Crown Prince Salman becoming King shortly as the King will pass the Crown to him. See also -

http://www.israelnationalnews.com/News/News.aspx/238168