Sable Offshore closer to restart than ever, says Benchmark

Core Viewpoint - Sable Offshore's Santa Ynez Unit is nearing a potential restart following a recent court ruling, although the legal case remains active with further responses expected in the coming months [1] Group 1: Company Performance - Benchmark analyst Subash Chandra has assigned a Buy rating to Sable Offshore shares with a price target of $20 [1] - Sable Offshore shares have increased by $1.69, or 19%, reaching $10.72 in pre-market trading [1] Group 2: Legal Developments - The 9th Circuit Court of Appeals denied an emergency stay requested by environmental groups, indicating progress towards the restart of operations [1] - Despite the denial of the emergency stay, the case has not been dismissed, and responses and briefs are due in the upcoming months [1]