Sable Offshore Corp. (NYSE:SOC) is one of the 10 Stock Winners in a Brutal Market.

Sable Offshore extended its winning streak to a third straight day on Thursday, adding 5.19 percent to finish at $17.44 apiece, as investors await President Donald Trump’s intervention that could allow the company to resume full operations at its California pipeline system.

A report by Bloomberg said Wednesday that President Donald Trump is looking to exercise his emergency powers under the Defense Production Act in support of Sable Offshore Corp.’s (NYSE:SOC) restart of its Las Flores onshore pipeline system, having been shut for more than a decade due to a major oil spill.

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The report followed a legal opinion from an office of the Department of Justice earlier in the week confirming such.

“An order issued as an exercise of congressionally delegated authority or the President’s constitutional powers has the force of federal law under the Supremacy Clause and may preempt contrary state law,” said Thomas Elliot Gaiser, assistant attorney general for the Office of Legal Counsel of the DOJ.

While Sable Offshore Corp. (NYSE:SOC) has restarted operations of its Santa Ynez offshore unit, it remains unable to sell or transport hydrocarbons through its Las Flores facility pending court approval.

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