Added to YB: 2025-10-13
Pitch date: 2025-10-09
SOC [neutral]
Sable Offshore Corp.
-69.5%
current return
Author Info
Chop Wood, Carry Water is a tech manager and investor searching for value-based investments. 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
$20.20
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 Corp. An Interesting Opportunity That I'm Avoiding
SOC (pass): $0 revenue oil co needs Santa Ynez Unit restart permit for $1.2B annual potential cash flow at $7-12/bbl costs. Major risks: CA regulatory opposition, 196% debt/equity, -$629M 2024 loss, 0.29 current ratio, going concern audit doubt, class-action lawsuits. High-risk bet vs investment.
Read full article (4 min)