Sable Offshore (SOC) Climbs 22.6% as Firm Expects Las Flores Restart this Month

Group 1 - Sable Offshore Corp. (NYSE:SOC) experienced a significant stock price increase of 22.58% on Wednesday, closing at $24.59, as investors showed optimism regarding the restart of the Las Flores pipeline this month [1][3] - The Las Flores pipeline has been shut down since 2015 due to a catastrophic rupture that caused a major oil spill, and its restart is currently facing legal and regulatory challenges from environmental organizations [3] - In August, Sable Offshore announced plans to recommence oil sales with the expected restart of the onshore pipeline in September [2] Group 2 - Sable Offshore is currently facing a class action lawsuit for allegedly providing misleading business updates, including false claims about restarting oil production [4] - The company has not yet responded to the allegations regarding the misleading statements about its business operations and prospects [4]