Sable Offshore Stock: The Surge Offers A Great Exit Point (Downgrade)
2026-03-17 16:02:57 ET
One of my absolute best calls over the last few months has been Sable Offshore Corp. ( SOC ). This niche offshore drilling company and oil logistics firm has seen its share price skyrocket 172.1% since I upgraded it from a Hold to a Buy around the middle of November of last year. This decision came after the stock had plummeted because of significant legal and regulatory setbacks. There was a lot of uncertainty regarding its future at the time, especially on the regulatory front when it came to California and worries about its debt. However, the company outlined two different opportunities for growth. And I viewed the low share price as worthy of the risk since the upside could be parabolic if everything went according to plan. It was essentially a moderately risky prospect with a significant amount of upside potential....
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Sable Offshore Stock: The Surge Offers A Great Exit Point (Downgrade)
NASDAQ: SOC
SOC Trading
10.71% G/L:
$16.95 Last:
3,071,900 Volume:
$15.82 Open:
