{"id":206542,"date":"2026-03-06T01:49:08","date_gmt":"2026-03-06T01:49:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/206542\/"},"modified":"2026-03-06T01:49:08","modified_gmt":"2026-03-06T01:49:08","slug":"sable-soc-soars-37-on-renewed-hopes-for-california-pipeline","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/206542\/","title":{"rendered":"Sable (SOC) Soars 37% on Renewed Hopes for California Pipeline"},"content":{"rendered":"\n

Sable Offshore Corp. (NYSE:SOC) is one of the Stocks to Watch Right Now.<\/a><\/p>\n

Sable Offshore extended its winning streak to a fifth consecutive day on Thursday, jumping 37.51 percent to finish at $13.88 apiece, as investor sentiment was fueled by the Department of Justice\u2019s (DOJ) confirmation that a presidential order could override federal laws\u2014sparking hopes for the company\u2019s full resumption of oil and gas operations off the coast of California.<\/p>\n

Thomas Elliot Gaiser, assistant attorney general for the DOJ\u2019s Office of Legal Counsel, confirmed in an opinion that a presidential order could preempt California laws currently impeding Sable Offshore Corp. (NYSE:SOC) from fully operating its Las Flores onshore pipeline system.<\/p>\n

\"\" <\/p>\n

Photo by Karolina Grabowska on Pexels<\/p>\n

\u201cWe conclude that it would. An order issued as an exercise of congressionally delegated authority or the President\u2019s constitutional powers has the force of federal law under the Supremacy Clause and may preempt contrary state law,\u201d Gaiser said.<\/p>\n

\u201cBecause the DPA (Defense Production Act) authorizes the President to order certain actions that may otherwise be prohibited by state law, an order issued pursuant to the DPA could preempt those laws expressly or by conflict,\u201d he added.<\/p>\n

Sable Offshore Corp. (NYSE:SOC) acquired the Santa Ynez Unit in June 2015, but which was ordered shut for 10 years following a pipeline leak that caused a major oil spill along the California coast.<\/p>\n

Operations only restarted in May but Sable Offshore Corp. (NYSE:SOC) remains unable to sell and transport hydrocarbons through its pipeline system pending court approval.<\/p>\n

While we acknowledge the potential of SOC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock<\/a>.<\/p>\n

READ NEXT: 30 Stocks That Should Double in 3 Years<\/a> and

Follow Insider Monkey on Google News<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Sable Offshore Corp. (NYSE:SOC) is one of the Stocks to Watch Right Now. Sable Offshore extended its winning…\n","protected":false},"author":2,"featured_media":206543,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[7,9,8,13263,95312,95311,95310,1799],"class_list":{"0":"post-206542","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-california","8":"tag-california","9":"tag-california-headlines","10":"tag-california-news","11":"tag-coast-of-california","12":"tag-elliot-gaiser","13":"tag-pipeline-system","14":"tag-presidential-order","15":"tag-sable-offshore-corp"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/206542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/comments?post=206542"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/posts\/206542\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media\/206543"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/media?parent=206542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/categories?post=206542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ca\/wp-json\/wp\/v2\/tags?post=206542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}