Reported 1 day ago
Sable Offshore Corp. (SOC) experienced an 11.82% surge in its stock price, closing at $31.69, fueled by positive investor sentiment following a court ruling that may allow the company to restart its Las Flores pipelines. Despite the ruling permitting preparatory steps, the actual restart awaits a signed notice of compliance. The Las Flores pipelines have faced legal and environmental hurdles since 2015, but SOC is poised to benefit from the growing demand for energy, particularly as the AI industry expands.
Source: YAHOO