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Stock impact report

Why Sable Offshore Stock Plummeted Today [Yahoo! Finance]

Sable Offshore Corp. (SOC) 
Company Research Source: Yahoo! Finance
10 stocks we like better than Sable Offshore › Investors were hardly turned on by Sable Offshore (NYSE: SOC) on the last Friday trading session of 2025. On news of a lawsuit that might halt the oil flow through its pipeline system , they aggressively sold out of the energy company, leaving it with a more than 13% loss in price on the day. Sable was quite a roller coaster of a stock before and after Christmas Day. On the 24th, investors couldn't get enough of it, following a federal regulator's approval of the restart of the Las Flores pipeline system in California. That regulator, the Department of Transportation's (DoT) Pipeline and Hazardous Materials Safety Administration (PHMSA), recently ruled that sections of the pipeline fell under federal, rather than state, oversight. This infrastructure has a troubled history, as in 2015, over 100,000 gallons of oil spilled from the system, with more than 20,000 gallons ending up in the Pacific Ocean. At the time, Las Flores was own Show less Read more
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