Sable Offshore Corp. (SOC): A Bear Case Theory 

We came across a bearish thesis on Sable Offshore Corp. on Hunterbrook’s Substack. In this article, we will summarize the bears’ thesis on SOC. Sable Offshore Corp.’s share was trading at $8.27 as of Feburary 4th. SOC’s trailing and forward P/E were 47.20 and 9.41 respectively according to Yahoo Finance.

Sable Offshore Corp. operates as an independent oil and gas company in the United States. SOC remains mired in regulatory and legal...