Sable Offshore Corp. (NYSE: SOC) is back in the spotlight on December 24, 2025, after a key federal regulatory decision reignited investor optimism about the company’s ability to restart a long-idled California pipeline system—an outcome that matters because Sable’s business is heavily concentrated in a single offshore project.

The catalyst: the U.S. Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA) approved Sable’s Restart Plan for the Las Flores Pipeline System, specifically Lines CA-324 and CA-325—a milestone Sable disclosed in a recent SEC filing. ^[1]

The market reaction has been swift and volatile. SOC recently closed at $10.36 after a 36.32% jump on December 23, and the stock…