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Posted by
Two Blokes Jun 24 -
Filed in
Stock
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Sable Offshore offers significant upside as production restarts, with a large valuation discount to both NAV and peers, despite contingent resources status. High insider and smart money ownership aligns management with shareholders, boosting confidence in long-term value realization. Risks remain around resource classification, regulatory environment, and execution, but upcoming reserve upgrades could unlock substantial value.