We recently published These 10 Stocks Surprisingly Lead Gains While Wall Street Naps. Sable Offshore Corp. (NYSE:SOC) is one of this week’s top performers.

Sable Offshore rallied for a second day on Friday, adding 11.82 percent to close at $31.69 apiece as investor sentiment repositioned portfolios amid reports that it was nearing the restart of its Las Flores pipelines.

Roth Capital in a market note earlier this week claimed that Sable Offshore Corp. (NYSE:SOC) was set to receive in the “very near future” the final affirmative ruling in relation to the restart of its Las Flores pipelines.

News reports also added that the court decision allowed Sable Offshore Corp. (NYSE:SOC) to move forward with certain preparatory steps for restarting the pipelines, but prohibited the actual restart pending the receipt of a signed notice of compliance.

Connected to the Santa Ynez offshore platforms, the Las Flores pipelines have been subject to legal and environmental scrutiny since 2015 that led to a temporary shutdown.

Aerial view of an oil & gas refinery, showcasing the scale of operations.

Upon commercial operations, Sable Offshore Corp. (NYSE:SOC) is expected to ride the booming AI wave, an industry heavily hungry for more energy sources to power demand.

While we acknowledge the potential of SOC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.