NYSE:SOCOil and Gas
Sable Offshore (SOC): Valuation in Focus as Losses Narrow on Improved Q2 Results
Sable Offshore (NYSE:SOC) just posted its latest earnings report, and while the headline number is still a loss, it is a smaller one than last year. The company reported a net loss of $128 million for the quarter, down from $165 million in the same period last year. Its loss per share also nearly halved year over year. For investors watching the turnaround story unfold, this indicates that Sable is making progress on cost control, even though it is not yet profitable.
In the bigger picture,...