(Idea) Last Update On Sable Offshore
I am hoping that this will be our last and final update on Sable Offshore. The next update will be when we exit our long position in the name.
Over the past 2 weeks, the political drama that's played out has given me enough experience for a lifetime. While our thesis on SOC has always been driven by an "event", I am confident to say that the event is coming soon.
In this piece, I will give you the latest developments, the legal hurdles, and what it all means. In addition, I will explain to you the risk/reward and the valuation I'm seeing.