Added to YB: 2025-03-18
Pitch date: 2025-03-14
SOC [bullish]
Sable Offshore Corp.
-78.19%
current return
Author Info
Kontrarian Korner is an investor, speculator, and occasional degenerate gambler in the markets. CPA and recovering Big 4 auditor. 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
$694.4M
Pitch Price
$24.90
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
special_situation
Quick Note On Sable Offshore
SOC: Sable proposes restarting corroded pipeline that caused 2015 Refugio spill. State agencies explain complex regulatory process, emphasize safety requirements. Public concerned about environmental risks, lack of review. Agencies promise enforcement, transparency. Debate over local vs. imported oil production. Project faces scrutiny on permits, environmental impacts, financial assurance.
Read full article (78 min)