Sable Offshore's Recent Price Volatility: Evaluating Valuation and Risks

Sable Offshore's recent share price volatility has led to a 2.2% daily gain and an 18% decline over the past week. Despite a strong 3-month gain of 70.87%, the 1-year total shareholder return has declined by 64.06%. The company's P/B multiple of 3.4x is higher than its peer group average and the broader US oil and gas industry. Ongoing losses of $364.155 million and the 1-year total return decline may unsettle sentiment.