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flag Sable Offshore shares dropped 9.4% on March 13, 2026, after a judge ordered disclosure of Trump-era internal communications, reigniting legal challenges over its California pipeline approval.

flag Sable Offshore (SOC) shares plunged 9.4% on March 13, 2026, after a federal judge ordered disclosure of internal communications between the Trump administration and the company, reigniting legal scrutiny over its offshore California pipeline approval. flag The ruling reversed earlier investor optimism sparked by a DOJ opinion asserting the Defense Production Act could override state delays, potentially enabling the restart of the Santa Ynez Unit, which had been idle since 2015. flag Despite a recent rally fueled by the federal intervention and expectations of 28,000–45,000 barrels per day in production, the legal exposure has tempered market enthusiasm, contributing to volatility. flag The stock, now trading around $15.81, remains above its 50-day and 100-day moving averages, though analysts maintain a mixed outlook with a consensus "hold" rating.

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