Sable Offshore (NYSE: SOC) experienced a 1.7% decline in Monday’s trading following a Reuters report.
The report revealed that the company would require approximately $1.7 billion in funding to implement a floating storage strategy. This strategy was proposed as an alternative to marketing crude oil from the Santa region.
https://seekingalpha.com/news/4508837-sable-offshore-would-need-1_7b-in-funding-to-advance-santa-ynez-project-reuters?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news
