Core Viewpoint - Sable Offshore Corp. (NYSE:SOC) is identified as a promising investment opportunity under $10, with a recent positive market reaction following its announcement for federal oversight of its pipeline operations [1][2]. Group 1: Company Overview - Sable Offshore Corp. is an independent oil and gas company that develops and operates offshore platforms and subsea pipelines in federal waters off the coast of California [2]. - The company's primary assets include the Santa Ynez Unit (SYU), which consists of three offshore platforms and a wholly owned onshore processing facility located at Las Flores Canyon in Santa Barbara County [2]. Group 2: Recent Developments - On November 26, Sable informed the US Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) that its onshore pipeline qualifies as an interstate pipeline facility under the Interstate Pipeline Safety Act [2]. - The company requested PHMSA's formal concurrence on this classification and guidance for transitioning regulatory authority from state to federal oversight, aiming to eliminate state-level delays [2]. Group 3: Market Reaction - Following the announcement on December 1, Sable's stock experienced a 14% increase on the same day, with an additional 6% gain by December 4 [1][2]. - Roth Capital maintains a Buy rating on Sable Offshore Corp. with a price target of $22 [1].