Sable Offshore Rebounds, Disputes Hunterbrook Report

Sable Offshore Corporations stock surged six percent in after-hours trading, following a steep drop earlier in the day. The company clarified its bonding requirements for future liabilities, disputing claims from Hunterbrook Media. Sable Offshore reassured investors about its financial health, stating it has the necessary liquidity to refinance its debt and achieve its goals. The company also confirmed Pilgrim Global Entities substantial ownership and their participation in a recent private placement equity sale.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.