Added to YB: 2025-05-27
Pitch date: 2025-05-25
SOC [neutral]
Sable Offshore Corp.
-81.05%
current return
Author Info
Welfare Capital Research is a generalist investing in quality businesses with unique, in-demand services and attractive match-ups against competition. Sign up for the 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
$32.50
Price Target
N/A
Dividend
N/A
EV/EBITDA
-4.65
P/E
-1.19
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Welfare Weekly - Edition #3 - Sable Offshore Corp.
SOC (holding update): Production restart at Harmony platform & 7/8 pipeline hydrotests complete! Stock up 60%+ to ATHs. 10% dilution via $290M equity raise at $29.50 gives ~$500M cash, better positioned for production scale-up. $850M Exxon debt refinancing likely next. Currently 15% of portfolio at $24.22 avg cost.
Read full article (2 min)