Occasional Digest

Sable Offshore plunges to all-time low, seen struggling to repay Exxon loan

Gas Pipeline In Front Of The Oil Pump

imaginima/iStock via Getty Images

Sable Offshore (SOC) plummeted 55.8% on Tuesday to an all-time low close of $3.08 after the company said it would raise $400M through stock and convertible note offerings to repay debt owed to Exxon Mobil (XOM).

The offerings follow repeated

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