Added to YB: 2025-09-05
Pitch date: 2025-09-03
SOC [bullish]
Sable Offshore Corp.
Author Info
Triple S is a professional special situations investor who shares ideas in their newsletter. 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
$2.3B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Sable Offshore & 1448
SOC: Large position taken on panic selloff over CA AB1448 law fears. Bill faces strong constitutional challenges: PHMSA has exclusive interstate pipeline safety jurisdiction under federal preemption, Commerce Clause protects interstate commerce from undue state burden, federal supremacy overrides state law targeting existing offshore operations. Risk: potential delays if not restarted by 2026.
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