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.

SOC is poised for a significant spike as the Trump administration moves to reopen the Sable Offshore pipeline through emergency powers, with high-level government oil liaisons joining the company. Key risks include regulatory/legal challenges to block the court order and potential policy reversals.

Sable Offshore Corp ($SOC) is a deep value oil play trading at only 1.6x 2027E EV/EBITDA despite owning a producing asset with 659M barrels of reserves worth ~$48B and guidance for $1.1B revenue and $862M EBITDA by 2027. Key risks include dilution/refinancing overhang, California litigation, regulatory hostility, and execution risk on restart operations.

Sable Offshore Corp ($SOC) is a deep value oil restart play trading at only 1.6x 2027E EV/EBITDA despite 659M barrels of reserves worth $48B+ and strong federal support including potential DOE involvement in a West Coast Strategic Petroleum Reserve. Key risks include California litigation/regulatory hostility, refinancing overhang, and execution risk on production guidance.