Added to YB: 2025-05-05
Pitch date: 2025-05-01
SOC [bullish]
Sable Offshore Corp.
-69.54%
current return
Author Info
Friendly Capital Management is a former hedgie sharing what he does with his PA. Sign up for his newsletter
Company Info
Sable Offshore Corp. operates as an independent oil and gas company in the United States. The company operates through three platforms located in federal waters offshore California.
Market Cap
$694.4M
Pitch Price
$20.22
Price Target
40.00 (+549%)
Dividend
N/A
EV/EBITDA
-4.65
P/E
-1.19
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Friendly’s Substack: Portfolio Update - Sable Offshore Corp.
SOC (holding update): Binary bet on offshore oil production starting. If successful in next 8 weeks, expect 2x return on commons (more on options). Downside is severe financial loss. Holding has been stressful - continuous delays, minimal shareholder communication, 20% oil price drop, rising short interest. Production would benefit climate, fauna, US economy.
Read full article (1 min)