Added to YB: 2025-06-06
Pitch date: 2025-06-04
SOC [neutral]
Sable Offshore Corp.
-73.01%
current return
Author Info
Kontrarian Korner is an investor, speculator, and occasional degenerate gambler in the markets. CPA and recovering Big 4 auditor. 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
$22.82
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
Sable Offshore: More Kangaroo Court Drama
SOC (update): TRO from Santa Barbara County Court blocks OSFM pipeline restart approval, delaying first oil sales to Aug 1, 2025. Nonprofits EDC & CBD secured injunction despite no regulatory authority. Case likely heading to Federal Court where Consent Decree should prevail over state ruling. Company losing $2.5M daily in potential revenue.
Read full article (9 min)