Sable Offshore & 1448
4 months ago
Triple S Special Situations Investing
"SOC: Large position taken on panic selloff over CA AB1448 law fears. Bill faces strong constitutional challenges: PHMSA has exclusive interstate pipeline safety jurisdiction under federal preemption, Commerce Clause protects interstate commerce from undue state burden, federal supremacy overrides state law targeting existing offshore operations. Risk: potential delays if not restarted by 2026."
Sentiment
bullish
Conviction
Medium
Tier
Trade Call
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Episode Information
Episode:
Sable Offshore & 1448
Source:
Triple S Special Situations Investing
Published:
September 3, 2025
Idea Type:
Stock Idea