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Feb 13
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$8.89
$8.62
-3.0%
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SHORT
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Sam Koppelman
Publisher, Hunterbrook
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Sable Offshore faces massive regulatory hurdles in California to restart a pipeline. The stock was pumped by Phil Mickelson, but leaked audio revealed the CEO admitted a desperate need for capital. The company is "not telling the truth" to the market regarding its timeline and capital needs. They have now received subpoenas from the SEC and SDNY following Hunterbrook's reporting. The company is structurally broken with regulatory headwinds and potential legal fraud issues. They somehow secure the capital or regulatory approval (highly unlikely given California politics). |
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