Strong Buy SOC by May 31, 2026.

# 1. The Core Fundamental Thesis Sable Offshore (SOC) acquired the Santa Ynez Unit (SYU) offshore oil platforms and the onshore Santa Ynez Pipeline System (SYPS) from ExxonMobil for over $1.4 billion, investing an additional $215 million in technical safety upgrades and anomaly repairs. The asset has been heavily bottlenecked since a 2015 pipeline rupture operated by a prior owner. When fully operational, the SYU assets represent a massive production machine capable of flowing **50,000 gross barrels of crude oil …