Professional
Added to YB: 2026-01-27
Pitch date: 2026-01-24
SOC [bearish]
Sable Offshore Corp.
+13.64%
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
$1.5B
Pitch Price
$10.34
Price Target
N/A
Dividend
N/A
EV/EBITDA
-7.08
P/E
-2.58
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Zombie Pipeline: Why Sable is Still a Pipe Dream
SOC (short): Exxon spinoff faces 7 barriers to restart pipeline idled since 2015 spill. CEO called regulators 'eco-Nazis' on leaked call. Court injunctions, expired permits, new SB 237 law requiring coastal permits, consent decree mandating state approval, missing easements all block restart. Burning $80M/mo with <$100M cash left, may hit wall by Feb before overcoming legal maze. Exxon can reclaim asset free if no restart by Mar 31.
Read full article (30 min)