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.

[caption id="attachment_519262" align="aligncenter" width="750"] Copyright: Elnur / 123RF Stock Photo[/caption]

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