Sable Offshore (SOC) Climbs 41% W/W on Looming Las Flores Restart

We recently published 10 Stocks With Unbelievable Gains This Week. Sable Offshore Corp. (NYSE:SOC) is one of this week’s biggest players.

Sable Offshore saw its share prices jump by 41.28 percent in just the past five trading days of the week, as investors turned optimistic about the looming restart of its long-shut Las Flores pipelines.

This followed a market report from Roth Capital earlier in the week that claimed Sable Offshore Corp. (NYSE:SOC) was nearing the receipt of a final affirmative ruling before it could officially restart works in its Las Flores pipelines, that was ordered shut in 2015.

According to the report, a US judge already allowed the company to move forward with certain preparatory steps, but it remains unauthorized to restart pending the receipt of a signed notice of compliance.

Once in full swing, the company stands to benefit from the expansion of the artificial intelligence sector amid the continued growing demand in power from data centers.

Copyright: Elnur / 123RF Stock Photo

Earlier this week, President Donald Trump announced that the US would expect investments worth $92 billion in the AI and energy sectors over the next few years. He earlier pledged that the government would fast-track permits to support the aggressive expansion program.

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