Added to YB: 2025-09-29
Pitch date: 2025-09-26
SOC [neutral]
Sable Offshore Corp.
-69.05%
current return
Author Info
Triple S is a professional special situations investor who shares ideas in their newsletter. 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
$19.90
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
SOC’s Paths to Production: Easy, Hard, and Sideshow
SOC (overview): 50,000+ BOPD restart via easy path (Fire Marshal approval 90% done, 10-day Geck injunction lift) or hard FPSO federal waters bypass. Main risk: delay past Jan 1 triggers SB237. $625M loan due Jan 10 to Exxon. Legal cases mostly theater. Wells active, 540k BBL storage full.
Read full article (6 min)