Added to YB: 2026-09-21
Pitch date: 2026-09-18
SOC [bullish]
Sable Offshore Corp.
Author Info
Value with a Catalyst covers long value oriented small and mid- cap investment ideas with a catalyst. 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
$874.9M
Pitch Price
N/A
Price Target
9.51 (+109%)
Dividend
N/A
EV/EBITDA
-5.45
P/E
-1.35
EV/Sales
13.30
Sector
Oil, Gas and Consumable Fuels
Category
value
Sable Offshore: Still Both Inexpensive and Risky
SOC: Sable Offshore trades at $4.40, a conservative $1.3B fully diluted market cap, against estimated 2027 FCF of $422M — a roughly 30% yield. The central risk is losing pipeline authorization through an adverse DPA ruling or a Democratic presidency, but a ~$450M offshore sales route provides a credible fallback. Targets are $7.51 under the offshore pivot, $8.11 probability-weighted and $9.51 if operations continue normally.
Read full article (3 min)