Added to YB: 2024-07-09
Pitch date: 2024-07-08
SOC [bullish]
Sable Offshore Corp.
-66.23%
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
$16.08
Price Target
30.00 (+387%)
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): Index Inclusions Spark Short Squeeze Potential
SOC: R2K/S&P inclusion led to est. 8M shares bought by indexes. Market makers likely short ~3.5M shares due to illiquidity & concentrated ownership. Borrow rates spiked, daily short interest exploded post-inclusion. Covering 3M shares in 300K daily vol could push price higher. Binary play: $0 or $30+ PT. Fundamental long on warrants, added shares for short-term squeeze potential.
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