Sable Offshore Corp.: Pipeline Decision Brings the Bulls Back

Sable Offshore Corp. is a U.S. energy company focused on the recommissioning and operation of existing offshore oil and gas infrastructure off the coast of California. The business model aims less at costly new developments and more at the reactivation of already existing production facilities, platforms, and pipelines, thereby reducing the need for investment and technical risks compared to classic offshore projects. Strategically, Sable Offshore positions itself as a specialist in so-called Brownfield assets, where regulatory approvals, environmental...