Sable Offshore: Uncertainty Makes This A Binary Play (Downgrade)
Source: SeekingAlpha
2026-06-30 19:30:01 ET
June 30th was a brutal, ugly day for shareholders of Sable Offshore Corp. ( SOC ). The stock dropped around 55.8% after news broke that the company is trying to close a massive financial transaction that will lead to a healthier balance sheet , at least in some respects, but also to significant shareholder dilution. This is a company that I have had conflicting feelings about in the past. My last article about it, published in March of this year, resulted in me downgrading it from a Buy to a Hold after the stock had risen 172%....
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Sable Offshore: Uncertainty Makes This A Binary Play (Downgrade)
Sable Offshore Corp.
NASDAQ: SOC
SOC Trading
13.11% G/L:
$4.41 Last:
10,091,809 Volume:
$3.99 Open:
SOC Latest News
July 01, 2026 06:34:00 am
Sable Offshore Corp. Prices Offerings of Common Stock and Convertible Senior Notes
June 30, 2026 08:08:00 am
Sable Offshore Corp. Announces Proposed Offerings of Common Stock and Convertible Senior Notes
June 22, 2026 08:00:00 am
Sable Offshore Corp. Enters Into Senior Secured Term Loan Amendment and Limited Waiver Under the PSA
