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Add as a preferred source on GoogleSable Offshore Shares Fall 52.2% After Sole Buyer Halts Crude Purchases
Sable disclosed that its only crude buyer stopped purchases in early October because of refinery upgrades and maintenance. The halt prompted a going-concern warning.
Sable Offshore Corp. shares fell 52.2% in Nov. 9 trading after the company disclosed that its only crude oil buyer had stopped purchases in early October because of refinery upgrades and maintenance.
Sable’s disclosure included a going-concern warning. The purchase halt began in early October, before the Nov. 9 share decline.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.