Sable Offshore Corp. (SOC) saw its stock price soar by 5.35% during Tuesday's intraday trading session, marking a significant upward movement for the company.
The surge appears to be driven by news that FourWorld Capital Management has taken a large new stake in the company. This substantial institutional investment comes despite Sable Offshore reporting a US$410.2 million full-year 2025 net loss tied to restart-related costs, suggesting investor confidence in the company's potential turnaround story.