Sable Offshore Corp. (SOC) experienced a significant price surge, soaring 38.06% during intraday trading on Thursday. The sharp upward movement occurred in the afternoon session.

The rally appears to be directly linked to a Bloomberg interview featuring Burgum, which was published and circulated among traders. This positive media coverage catalyzed substantial buying interest in the stock.

Earlier in the day, the stock faced a contrasting development as investment firm Benchmark downgraded its rating on Sable Offshore from "Buy" to "Hold." However, the market sentiment was overwhelmingly driven by the optimistic news from the afternoon interview, leading to the substantial gain.