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-0.00987249230060744 -0.0127507699392684 0.0124341593990155 -0.0119160694240567 -0.0645597674351668 -0.132199291943701 -0.112051348473074 -0.078951155628472
Stock impact report

Phil Mickelson-Touted Sable Struggles to Advance Oil Project [Yahoo! Finance Canada]

Sable Offshore Corp. (SOC) 
(Bloomberg) -- One of the most compelling corporate dramas in the US oil industry right now isn't playing out in the Permian Basin or Alaska's North Slope but against the unlikely backdrop of tony Santa Barbara, California — with a walk-on part from a famous professional golfer. Most Read from Bloomberg Sable Offshore Corp. is trying to revive some former Exxon Mobil Corp. offshore fields that hold hundreds of millions of barrels of crude in a state prone to chronic energy crunches. That plan is looking increasingly precarious. In recent days, Sable was denied a permit by the Santa Barbara Board of Supervisors, and on Monday the company announced a $250 million stock sale to extend the maturity of more than $600 million in debt. Short sellers have piled in as the shares tumbled to an all-time low, cratering almost 50% last week. On top of all that, a recent report from Hunterbrook Media alleged Sable executives selectively disclosed information to investors including pro golf Show less Read more
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