Sable Offshore Corp. (NYSE: SOC ) ranks among the best oil and gas drilling stocks to buy now . On June 6, Roth Capital analyst Leo Mariani maintained his Buy rating on Sable Offshore Corp. (NYSE:SOC) following a Politico report that states that the Trump presidential administration is strongly considering the formation of a major petroleum reserve in California.
According to the firm, should Sable Offshore Corp. (NYSE:SOC) be listed as a key supplier to a new California reserve, Energy Secretary Chris Wright may utilize eminent domain in order to secure the company's operations on state property.
According to Roth, there is a "reasonable likelihood" that Sable Offshore Corp. (NYSE:SOC) would significantly contribute to a future reserve in California, which might render any present or future lawsuit against the company moot.
Additionally, Benchmark reaffirmed its Hold rating on Sable Offshore Corp. (NYSE:SOC) on June 2 in response to the company's updated operational and financial projections.
With production continuing uninterrupted, Sable Offshore offered longer-term guidance on its Santa Ynez operations.
Sable Offshore Corp. (NYSE:SOC) operates as an independent oil and gas company with offshore California production platforms.
While we acknowledge the potential of SOC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .
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