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Roth Capital says Sable Offshore stock weakness is a buying opportunity

Roth Capital said Sable Offshore (SOC) is a high-growth company with low base declines, strong field margins, and a plan to return material amounts of capital to shareholders through a dividend and buyback. The firm told investors that the company’s current stock price weakness is a buying opportunity. Roth agrees with Sable’s assessment that it can receive the final approval from the California State Fire Marshal and restart its pipelines at SYU, because the company does not believe the Fire Marshal will be bound by the judge’s injunction order. The firm reiterated a Buy rating and $37 price target on Sable Offshore shares.

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