Jim Cramer on Sable Offshore: “Get Out of That”

Sable Offshore Corp. (NYSE:SOC) is one of the stocks Jim Cramer shared his take on. When a caller inquired about the stock and mentioned that they are worried about California regulations, Cramer commented:

Not a great company, not a great oil services, not a great oil company. We’re going to have to stay away from that. We’re going to take a, we’re going to do a little kaching-kaching. Get out of that.

Photo by Artem Podrez on Pexels

Sable Offshore Corp. (NYSE:SOC) is a Texas-based energy company that manages oil and gas platforms, federal leases, and subsea pipelines. The company manages the extraction and transport of crude oil and natural gas from offshore sites to onshore processing facilities.

While we acknowledge the risk and potential of SOC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SOC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.