Before I get into the post today, I wanted to give everyone a heads up that I will be on the road for a couple weeks starting next week. I’ll be in the Portland area for a couple days starting next Sunday (June 22-25), then in Minneapolis for the back half of next week (June 26-29), and then in Seattle until the 4th of July. If anyone wants to meet up in the next couple weeks and it happens to work with your schedule, feel free to send me a DM.
Over the last couple weeks, I have spent a lot of time on the phone trying to get a feel for how Sable Offshore SOC 0.00%↑ is going to proceed from here. In the video, I laid out how the next couple months could play out regarding the hearing on July 18, OSFM sign off, and what happens if the company has to appeal to a higher court. I explained the logic behind a recent trade I made, and why I think this thing gets resolved in the next couple months. I also talked about recent geopolitical events between Iran and Israel, what might happen with oil, and how it might impact China specifically.
Disclaimer
I own shares and calls on Sable Offshore. You should do your own research before making any investment decisions. Different investment strategies have different risk/return profiles which should be considered before making any decisions.
