# Sable Offshore Shares Fall 52.2% After Sole Buyer Halts Crude Purchases

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/52441
Published: 2026-11-09T17:11:31.000Z
Updated: 2026-11-09T17:11:31.000Z
Section: Investing

> 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.