Added to YB: 2025-12-03
Pitch date: 2025-10-03
SOC [bullish]
Sable Offshore Corp.
-67.77%
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
$19.11
Price Target
40.00 (+549%)
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. - $SOC
SOC: CA offshore oil w/ largest US reserves, wells producing above expectations. Single signature from CA Fire Marshal triggers $4/share annual dividend at current Brent prices. Trump admin declared victory, wants all 3 platforms online by 2025. If CA blocks, federal intervention likely or tanker backup (only $3-4/bbl extra cost, Brent+5 to Asia). Stock could hit $30-40 on approval given short interest. Exxon $875M note refinanceable at 1.2x EBITDA.
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