Benchmark analyst Subash Chandra reports that Sable Offshore’s Santa Ynez Unit is close to restarting after the 9th Circuit Court of Appeals denied an emergency stay. The case wasn’t dismissed, with responses and briefs due in the coming months. The firm has a Buy rating and $20 price target on Sable Offshore shares, which rose 19% to $10.72 in pre-market trading.

Read more at Yahoo Finance: Sable Offshore closer to restart than ever, says Benchmark