Sable Offshore Corp

SOC remains in a Stage 4 decline with a bearish medium-term bias as price trades below all major EMAs. Extreme oversold conditions argue for awaiting a relief rally before initiating new short positions. Execution should focus on selling failed rallies into the 9EMA–20EMA area. A decisive close and hold above the 9EMA and 20EMA on expanding volume would invalidate this bearish posture.

• ↑$300M convertible debt plus 32.5M-share offering extends funding runway
• ↑Analysts flag undervaluation from potential California petroleum reserves
• ↓High leverage elevates default risk amid oil price swings