Sable Offshore Tumbles on Equity Raise, Exxon Mobil Loan
Shares of Sable Offshore Corp fell as much as 26% intraday Monday to the lowest level in the company’s history after the oil driller announced plans to raise $225 million...
By Nathan Risser · Bloomberg Markets
Shares of Sable Offshore Corp fell as much as 26% intraday Monday to the lowest level in the company’s history after the oil driller announced plans to raise $225 million and extend a loan with Exxon Mobil.