Sable Offshore applies to declare pipeline as interstate, says Roth Capital

Sable Offshore (SOC) has asked the U.S. Pipeline and Hazardous Materials Safety Administration to place its Santa Ynez-to-Pentland Station pipeline under federal rather than state oversight, a change that could allow the line to restart if approved, Roth Capital tells investors in a research note. The company is also maintaining a parallel plan to use an OS&T vessel to move oil by year-end 2026, the firm says. Roth, which has a Buy rating and $22 price target on the shares, expects Sable Offshore shares to have a positive reaction on Monday.