CANADA - 2025/06/04: In this photo illustration, the Sable Offshore logo is seen displayed on a ... More smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Sable Offshore (NYSE: SOC) has regained attention. The independent oil and gas operator from California, which manages offshore platforms and pipelines associated with its Santa Ynez Unit, witnessed its stock jump 28.4% on July 17, significantly surpassing the overall ...

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Sable Offshore (SOC) To Contact Him Directly To Discuss Their Options About Bragar Eagel & Squire, P.C.: Click here to participate in the action. On May 19, 2025, Sable announced that it had resumed oil production from one of three offshore platforms related to its Las Flores pipeline (the "Onshore Pipeline") in California as of May 15, 2025. On May 21, 2025, Sable announced the pricing of its previousl ...

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Sable Offshore Corp. due to allegations of materially misleading business information [1] Group 1: Investigation and Legal Action - Rosen Law Firm is preparing a class action seeking recovery of investor losses for those who purchased Sable Offshore Corp. securities, particularly from the May 2025 public offering [2] - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [2] Group 2: Stock Performance and Legal Context - On May 28, 2025, Sable Offshore Corp.'s stock fell by 15.3% following a court injunction that halted the company's pipeline repair and maintenance activities in Santa Barbara County [4] - The injunction was granted by the California Coastal Commission, raising concerns about potential project delays and additional costs for Sable Offshore Corp. [4] Group 3: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [5] - The firm has been ranked in the top 4 for securities class action settlements since 2013 and recovered hundreds of millions of dollars for investors, including over $438 million in 2019 [5]

Disclaimer FORWARD LOOKING STATEMENTS The information in this presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this presentation, the words "could," "should," "will," " may," " believe," " anticipate," " intend," " estimate," "expect," "project," "continue," "plan," forecast," "predict," "potential," "future," "outlook," and "target," the negative of such terms and other similar expressions are intended to identify fo ...

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Sable Offshore Corp. due to allegations of materially misleading business information [1] Group 1: Investigation and Legal Action - Shareholders who purchased Sable Offshore Corp. securities, particularly during the May 2025 public offering, may be entitled to compensation through a class action lawsuit [2] - The Rosen Law Firm is preparing a class action to seek recovery of investor losses [2] Group 2: Stock Performance and Legal Context - Sable Offshore Corp.'s stock fell by 15.3% on May 28, 2025, following a court injunction that affected the company's pipeline repair and maintenance activities [4] - The California Coastal Commission's preliminary injunction raised concerns about potential project delays and additional costs for Sable Offshore Corp. [4] Group 3: Rosen Law Firm's Credentials - The Rosen Law Firm has a strong track record in securities class actions, having achieved the largest securities class action settlement against a Chinese company at the time [5] - The firm has been ranked in the top 4 for securities class action settlements since 2013 and recovered hundreds of millions of dollars for investors, including over $438 million in 2019 [5]

Core Insights - The article discusses potential investment opportunities in SOC, highlighting a possible beneficial long position that may be initiated within the next 72 hours [1]. Group 1 - The analyst has no current stock, option, or similar derivative position in any of the companies mentioned but may consider purchasing stock or call options in SOC [1]. - The article expresses the author's own opinions and is not influenced by any compensation from companies mentioned [1]. - There is an emphasis on the independence of the analysis, indicating that the views may not reflect those of Seeking Alpha as a whole [2].

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices by Sable Offshore Corp. and its officers or directors [1] Group 1: Company Actions and Legal Issues - On May 19, 2025, Sable announced the resumption of oil production from one of its offshore platforms related to the Las Flores pipelines in California [3] - The California State Land Commission issued a warning to Sable on May 23, 2025, indicating that the company's announcement may have mischaracterized recent activities, leading to public confusion [3] - A preliminary injunction was granted by the Santa Barbara County Superior Court on May 28, 2025, regarding Sable's maintenance and repair work in the coastal zone related to the Onshore Pipeline [3] Group 2: Market Reaction - Following the news of the legal issues and warnings, Sable's stock price dropped by $5.04 per share, or 15.3%, closing at $27.89 per share on May 28, 2025 [4]

Company Overview - Sable Offshore Corp. is an independent oil and gas company operating oil drilling platforms in the Santa Ynez Unit off the coast of Santa Barbara, California [3] Allegations and Events - On May 19, 2025, Sable announced its intention to restart oil extraction from a drilling platform that had previously shut down due to a massive oil spill in 2015 [4] - Following this announcement, Sable conducted a public offering of common stock at $29.50 per share, which closed on May 23, 2025, generating approximately $259 million in gross proceeds [4] - The California State Land Commission issued a warning letter on May 23, 2025, alleging that Sable's press release mischaracterized the nature of its activities, causing public confusion and raising questions about the company's intentions [5] - Subsequently, the California Coastal Commission filed a preliminary injunction against Sable regarding maintenance and repair work on its onshore pipeline system, which was approved by the Santa Barbara County Superior Court on May 28, 2025 [5] - Following the injunction, Sable's stock price declined by $5.04 per share, approximately 15%, from $32.93 on May 27, 2025, to close at $27.89 on May 28, 2025 [5]

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices by Sable Offshore Corp. and its officers or directors [1] Group 1: Company Actions and Legal Issues - On May 19, 2025, Sable announced the resumption of oil production from one of its offshore platforms related to the Las Flores pipelines in California [3] - The California State Land Commission issued a warning to Sable on May 23, 2025, stating that the company's announcement may have mischaracterized recent activities, leading to public confusion [3] - A preliminary injunction was granted by the Santa Barbara County Superior Court on May 28, 2025, regarding Sable's maintenance and repair work in the coastal zone related to the Onshore Pipeline [3] Group 2: Market Reaction - Following the news of the legal issues and warnings, Sable's stock price fell by $5.04 per share, or 15.3%, closing at $27.89 per share on May 28, 2025 [4]

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices by Sable Offshore Corp. and its officers or directors [1] Group 1: Company Actions and Legal Issues - On May 19, 2025, Sable announced the resumption of oil production from one of its offshore platforms related to the Las Flores pipelines in California [2] - Following this announcement, the California State Land Commission warned Sable that its statement may have mischaracterized recent activities, leading to public confusion and questions about the company's intentions [2] - On May 28, 2025, a preliminary injunction was granted by the Santa Barbara County Superior Court regarding Sable's maintenance and repair work in the coastal zone related to the Onshore Pipeline [2] Group 2: Market Reaction - Sable's stock price fell by $5.04 per share, or 15.3%, closing at $27.89 per share on May 28, 2025, following the legal developments and public statements [3]