Professional
Added to YB: 2024-10-22
Pitch date: 2024-10-21
SOC [bullish]
Sable Offshore Corp.
-70.32%
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
$18.87
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
Tourlite Capital New Position: Sable Offshore Corp.
SOC: E&P co acquired offshore CA asset from Exxon, shut post-spill. Restarting pipeline approved, awaiting Santa Barbara permits for safety valves. Research suggests settlement likely due to county's weak legal position. Key catalyst approaching. More updates expected in Q4 letter.
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