Sable Offshore special permit ‘another critical step,’ says Roth Capital

After Sable Offshore (SOC) announced the receipt of an emergency special permit from PHMSA on December 23 approving the operation of segments 324 and 325 of the Santa Ynez Pipeline System, Roth Capital called this “another critical step” to getting the pipeline network restarted and getting to first oil sales. There may be other steps to a restart, but the company isn’t commenting as to what those may be at this time, adds the analyst, who maintains a Buy rating and $22 price target on Sable shares.