BUZZ-<a href="https://laohu8.com/S/SOC">Sable Offshore</a> surges as it confirms pipeline activation** Shares of U.S.-based oil and gas company Sable Offshore SOC.N surge 50% to $7.88 premarket
** Company receives confirmation from the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration (PHMSA) that its pipeline connecting the Santa Ynez Unit to the Pentland Station terminal in Kern County, California is "active"
** Earlier in October, a California judge denied the company's request to lift the state's cease and desist order related to repairs it made to an onshore pipeline system linked to the Santa Ynez project, which is why the pipeline remained inactive
** As of last close. SOC up ~80% YTD
(Reporting by Dharna Bafna in Bengaluru)
((Dharna.bafna@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments