NYSE:SOCOil and Gas
Assessing Sable Offshore (SOC) Valuation After Defense Production Act Order Restarts Santa Ynez Oil Flows
Sable Offshore (SOC) has restarted transporting oil from its Santa Ynez platforms through the Santa Ynez pipeline system after an executive order under the Defense Production Act. This move directly addresses ongoing state level permitting friction.
See our latest analysis for Sable Offshore.
The latest executive order comes on the back of a sharp shift in sentiment, with Sable Offshore’s 30 day share price return of 81.44% and 90 day share price return of 197.05% contrasting with a 1 year...