Group 1 - Sable Offshore (NYSE:SOC) experienced a 36% surge in share price to $10.38 after federal regulators approved the restart of its Las Flores Pipeline System [1] - The company has seen a 7% growth since its IPO in 2021, with trading volume reaching 42 million shares, significantly higher than the three-month average of 8 million shares [1] - The S&P 500 and Nasdaq Composite also saw gains, with the S&P 500 up 0.44% and the Nasdaq Composite up 0.57%, indicating a broader positive market sentiment [2] Group 2 - The approval from the Pipeline and Hazardous Materials Safety Administration provides more certainty for Sable Offshore's future operations, as key sections of the pipeline now fall under federal oversight [3] - Despite the positive regulatory news, the company faces potential challenges from lawmakers and environmental groups due to past incidents, including a significant oil spill [4] - Sable Offshore's enterprise value stands at $2 billion, suggesting a high-risk, high-reward investment scenario for potential investors [4]