Roth sees Sable Offshore rallying on Reuters report of U.S. talks

Roth Capital analyst Leo Mariani expects shares of Sable Offshore (SOC) to react positively on Monday after Reuters reported the company is in talks with the U.S. government for financing its Santa Ynez oil project. Reuters also reported that Sable would need about $1.7B in funding to implement a floating storage strategy it proposed as an alternative to marketing crude from the Santa Ynez field off California by pipeline, the analyst tells investors in a research note. Roth keeps a Buy rating on the shares with a $28 price target