NYSE:SOCOil and Gas
Sable Offshore (SOC) Is Up 18.3% After Federal Greenlight For Santa Ynez Pipeline Restart - Has The Bull Case Changed?
Recently, Sable Offshore Corp. secured federal approval to restart its long-idled Santa Ynez oil and gas pipeline near Santa Barbara, after U.S. regulators agreed to shift the line to federal oversight and a court declined to block the decision.
This regulatory and legal breakthrough removes a major operational hurdle for Sable Offshore, potentially reshaping the role of the Santa Ynez unit within its overall business model.
We’ll now look at how this federal approval to restart the Santa...