Professional
Added to YB: 2025-02-25
Pitch date: 2025-02-18
SOC [bullish]
Sable Offshore Corp.
-79.84%
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
$30.55
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
value
Tourlite Capital Portfolio Holding: Sable Offshore Corp.
SOC: E&P co acquired CA offshore asset from Exxon. Pipeline restart approved, permits settled. Production delayed to Q1 2025 due to Coastal Commission order. Trump admin could accelerate restart. Undervalued vs high-quality oil assets. Position in common equity & calls; options drag after initial gains. Substantial upside remains.
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