Key insights
- Sable Offshore Corp (SOC) is experiencing significant volatility with high short interest, potentially leading to a short squeeze. Positive developments include a favorable judge in an upcoming hearing, visits from Trump officials, and continued barrel purchases by Chevron. The company's investor presentation highlights $10 billion in assets and a strong oil market position. These factors suggest potential upside for the stock in the short term, though risks remain.
Hello Guys , I have gone from holding sable at 7 dollars and selling it at 9 dollars a share. I have again started a position at 15 dollars a share and as you might have noticed, it’s been throughly beaten down recently (touchwood). The thesis still holds well and there is going to be a hearing today . Does anybody have any idea on this ? The judge seems to be on the side of sable. The trump officials have also visited the company recently. Chevron is buying its barrels and they also released an investor presentation on june 1 . 10 billion dollars of assets and a good oil situation. What are ur opinions on this ?
As there is a lot of short interest on the stock, if theres a squeeze, we might see a lot of uptick in a span of 10 days