Sable Offshore (SOC) Jumps 5% as Traders Await Trump Intervention

Core Viewpoint - Sable Offshore Corp. (NYSE:SOC) is experiencing a positive market response as investors anticipate potential intervention from President Donald Trump to facilitate the resumption of operations at its California pipeline system [1][2]. Group 1: Company Operations - Sable Offshore has seen its stock price increase by 5.19% to $17.44, marking a third consecutive day of gains [1]. - The company has restarted operations at its Santa Ynez offshore unit but is currently unable to sell or transport hydrocarbons through its Las Flores facility pending court approval [4]. Group 2: Government Intervention - President Trump is reportedly considering using emergency powers under the Defense Production Act to support the restart of Sable Offshore's Las Flores onshore pipeline system, which has been inactive for over a decade due to a significant oil spill [2][3]. - A legal opinion from the Department of Justice confirmed that an order issued under the President's constitutional powers could have the force of federal law and may override conflicting state laws [3].