Added to YB: 2026-04-06
Pitch date: 2026-03-31
SOC [neutral]
Sable Offshore Corp.
Author Info
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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
$2.4B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
-8.75
P/E
-3.95
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Sable: Updated Valuation Now Oil Is Flowing
SOC (update): Producing 52k bbl/d (62k by June) vs 40-50k BOE/d forecast. At $72/bbl realized ($80 Sept futures -10% CA discount, 83.6% net rev interest), est $1B rev '26, $1.3B '27. $17/bbl opex, $140M interest, $250M capex '26 → $493M FCF '26, $994M '27, $1.03B normalized vs $2.7B mkt cap. Main risk: legal challenges to Defense Production Act or policy reversal post-2028 election could halt operations.
Read full article (4 min)