Reported about 7 hours ago
Sable Offshore Corp. (NYSE:SOC) experienced a significant 22.58% increase in stock price, closing at $24.59 on Wednesday, fueled by investor optimism regarding the impending restart of the Las Flores pipeline, which has been inactive since 2015 due to a major oil spill. Despite this positive movement, the company is grappling with legal challenges and a class action lawsuit related to alleged misleading business updates. Sable Offshore aims to resume oil sales this September, following previous projections.
Source: YAHOO