Added to YB: 2026-03-20
Pitch date: 2026-03-18
SOC [bullish]
Sable Offshore Corp.
+2.57%
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
$2.5B
Pitch Price
$16.71
Price Target
64.00 (+273%)
Dividend
N/A
EV/EBITDA
-9.03
P/E
-4.12
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Sable Offshore: Oil Should Flow In April
SOC: DPA to force production in April, overriding CA objections. 50k bbl/day at $75 = $1.4B rev, $700M opex/capex, $1B debt. Est $480M after-tax FCF to equity. At 5x-20x FCF = $16-$64/share vs $17 current. $40M oil in storage. Risks: DPA challenge, future admin shutdown, legal cases, liquidity, high leverage, restart execution. Bull case: oil flows safely, tax revenue to CA, legal protections hold, valuation re-rates on production ramp. Could cover market cap in 5yrs if successful.
Read full article (4 min)