AI SUMMARY — SOC experienced a significant price spike following BofA increasing their position and a top White House oil liaison joining the company, while the firm works to reopen a Santa Barbara pipeline with federal emergency powers support despite state opposition. Key risks include regulatory uncertainty, state-level resistance to pipeline reopening, and execution risk on the project.
| TICKER | SOC |
USER | u/FadedDorado |
| RATING |
BULLISH |
ENTRY |
$4.11
|
| POSITION |
2098 sh
SYN
|
BOOK VAL |
$8614.90 |
| CURRENT |
$4.76 |
P&L % |
+16.08%
|
| CURR VAL |
$10000.00 |
P&L $ |
+1385.10
|
SOC just had a massive spike with no news today (other than Bank of America increasing their position)
They are working on reopening a pipeline through Santa Barbara that the state is fighting to stop.
The feds have enacted emergency powers in an attempt to stop the closure.
Lastly, a gov official just left to join the company!
Relevant link:
gov official joins SOC
Trying to post my positions but I think I can only add one photo. Anyways - 20k shares at 4.94ea