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Stock impact report

Sable Offshore (SOC) – Among the Energy Stocks that Gained This Week [Yahoo! Finance]

Sable Offshore Corp. (SOC) 
Company Research Source: Yahoo! Finance
Sable Offshore Corp. (NYSE:SOC) is an independent upstream company focused on developing the Santa Ynez Unit in federal waters offshore California. After hitting a roadblock with California state authorities, Sable Offshore Corp. (NYSE:SOC) has been seeking federal approval to restart its controversial oil and gas pipeline near Santa Barbara. The company received positive news earlier this month when the U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) approved its request to shift the pipeline from state to federal oversight, potentially overriding local opposition to the project. Sable announced on December 23 that the pipeline regulator has now further cleared the company's way by approving its restart plan for portions of the Las Flores Pipeline System. That said, Sable Offshore Corp. (NYSE:SOC) continues to face resistance from California residents and environmental groups, as the pipeline it aims to restart caused a disaster a decade ago when it leaked 3, Show less Read more
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