Professional
Added to YB: 2025-06-16
Pitch date: 2025-05-23
SOC [neutral]
Sable Offshore Corp.
-81.05%
current return
Author Info
No bio for this author
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
turnaround
Tourlite Capital Management Portfolio Holding: Sable Offshore Corp.
SOC (holding update): Offshore E&P making progress restarting Santa Ynez Unit acquired from Exxon after pipeline spill. CCC retreated from overreach; Sable pursuing $268M damages. Repairs completed, 7/8 pipeline segments passed testing, 6 wells producing. Oil sales expected July. 2025 guidance doubled production while lowering costs.
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