Added to YB: 2025-02-06
Pitch date: 2025-02-05
SOC [bullish]
Sable Offshore Corp.
-76.4%
current return
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
$694.4M
Pitch Price
$23.01
Price Target
92.00 (+1594%)
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) - Deep Dive
SOC: Offshore oil co. owns 3 rigs off CA coast. Regulatory hurdles block restart of 650 MMboe reserves. If production resumes (50k boe/day by 2028), potential $476M FCF (21% yield). 4x upside if $10B contingent reserves become proved. Risks: pipeline issues, regulatory challenges, capital needs. Trump energy policy could help.
Read full article (23 min)