{"parentUuid":"751b85a7-c3f6-4e43-b2af-edc1084452d0","isSidechain":true,"agentId":"a03f3dce99ae041a3","message":{"model":"claude-sonnet-4-6","id":"msg_01K9H39N23znBC7iwHB5j9y6","type":"message","role":"assistant","content":[{"type":"tool_use","id":"toolu_01BsjDtJqPx29toUcdi6ZhNc","name":"Bash","input":{"command":"uv run pm research SOC --output output/research/stocks/SOC/soc_research.md 2>&1 | tail -20","description":"Run PM CLI research on SOC","timeout":120000},"caller":{"type":"direct"}}],"stop_reason":null,"stop_sequence":null,"usage":{"input_tokens":3,"cache_creation_input_tokens":19907,"cache_read_input_tokens":0,"cache_creation":{"ephemeral_5m_input_tokens":19907,"ephemeral_1h_input_tokens":0},"output_tokens":1,"service_tier":"standard","inference_geo":"not_available"}},"requestId":"req_011CZG6nL1gpwP2GCDuCChVj","type":"assistant","uuid":"8b09f754-67a0-4aff-b386-06d73cd249b6","timestamp":"2026-03-21T10:53:27.100Z","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"8b09f754-67a0-4aff-b386-06d73cd249b6","isSidechain":true,"agentId":"a03f3dce99ae041a3","message":{"model":"claude-sonnet-4-6","id":"msg_01K9H39N23znBC7iwHB5j9y6","type":"message","role":"assistant","content":[{"type":"tool_use","id":"toolu_01BDEFAooGAavT8qH58nuuhG","name":"Bash","input":{"command":"uv run pm technical -t SOC 2>&1","description":"Run PM CLI technical analysis on SOC","timeout":60000},"caller":{"type":"direct"}}],"stop_reason":null,"stop_sequence":null,"usage":{"input_tokens":3,"cache_creation_input_tokens":19907,"cache_read_input_tokens":0,"cache_creation":{"ephemeral_5m_input_tokens":19907,"ephemeral_1h_input_tokens":0},"output_tokens":1,"service_tier":"standard","inference_geo":"not_available"}},"requestId":"req_011CZG6nL1gpwP2GCDuCChVj","type":"assistant","uuid":"a798984d-1fe6-46ba-84a4-ba564f0872ac","timestamp":"2026-03-21T10:53:27.941Z","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"8b09f754-67a0-4aff-b386-06d73cd249b6","isSidechain":true,"promptId":"c4ac6232-92f0-429a-a3b9-75068190954e","agentId":"a03f3dce99ae041a3","type":"user","message":{"role":"user","content":[{"tool_use_id":"toolu_01BsjDtJqPx29toUcdi6ZhNc","type":"tool_result","content":"Usage: pm [OPTIONS] COMMAND [ARGS]...\nTry 'pm --help' for help.\n\nError: No such command 'research'.","is_error":false}]},"uuid":"b90dd122-3b88-4f12-827b-5de050f0b121","timestamp":"2026-03-21T10:53:28.098Z","sourceToolAssistantUUID":"8b09f754-67a0-4aff-b386-06d73cd249b6","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"a798984d-1fe6-46ba-84a4-ba564f0872ac","isSidechain":true,"promptId":"c4ac6232-92f0-429a-a3b9-75068190954e","agentId":"a03f3dce99ae041a3","type":"user","message":{"role":"user","content":[{"type":"tool_result","content":"Exit code 2\nUsage: pm [OPTIONS] COMMAND [ARGS]...\nTry 'pm --help' for help.\n\nError: No such command 'technical'.","is_error":true,"tool_use_id":"toolu_01BDEFAooGAavT8qH58nuuhG"}]},"uuid":"dbae9442-9c54-427f-8e70-849e78054d76","timestamp":"2026-03-21T10:53:28.519Z","toolUseResult":"Error: Exit code 2\nUsage: pm [OPTIONS] COMMAND [ARGS]...\nTry 'pm --help' for help.\n\nError: No such command 'technical'.","sourceToolAssistantUUID":"a798984d-1fe6-46ba-84a4-ba564f0872ac","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"dbae9442-9c54-427f-8e70-849e78054d76","isSidechain":true,"agentId":"a03f3dce99ae041a3","message":{"model":"claude-sonnet-4-6","id":"msg_01K9H39N23znBC7iwHB5j9y6","type":"message","role":"assistant","content":[{"type":"tool_use","id":"toolu_011UrVNyrrjzpgwAU5hVne8E","name":"Bash","input":{"command":"uv run pm check -t SOC --start 2025-09-21 --end 2026-03-21 2>&1","description":"Run PM CLI red flag check on SOC","timeout":60000},"caller":{"type":"direct"}}],"stop_reason":"tool_use","stop_sequence":null,"usage":{"input_tokens":3,"cache_creation_input_tokens":19907,"cache_read_input_tokens":0,"output_tokens":390,"server_tool_use":{"web_search_requests":0,"web_fetch_requests":0},"service_tier":"standard","cache_creation":{"ephemeral_1h_input_tokens":0,"ephemeral_5m_input_tokens":19907},"inference_geo":"","iterations":[],"speed":"standard"}},"requestId":"req_011CZG6nL1gpwP2GCDuCChVj","type":"assistant","uuid":"c8b5f0db-6e76-4164-87dc-bada08b12df2","timestamp":"2026-03-21T10:53:28.824Z","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"c8b5f0db-6e76-4164-87dc-bada08b12df2","isSidechain":true,"promptId":"c4ac6232-92f0-429a-a3b9-75068190954e","agentId":"a03f3dce99ae041a3","type":"user","message":{"role":"user","content":[{"type":"tool_result","content":"<tool_use_error>Cancelled: parallel tool call Bash(uv run pm technical -t SOC 2>&1) errored</tool_use_error>","is_error":true,"tool_use_id":"toolu_011UrVNyrrjzpgwAU5hVne8E"}]},"uuid":"bd561b59-042f-4818-9eb4-112db6e3779e","timestamp":"2026-03-21T10:53:28.825Z","toolUseResult":"Cancelled: parallel tool call Bash(uv run pm technical -t SOC 2>&1) errored","sourceToolAssistantUUID":"c8b5f0db-6e76-4164-87dc-bada08b12df2","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"bd561b59-042f-4818-9eb4-112db6e3779e","isSidechain":true,"agentId":"a03f3dce99ae041a3","message":{"model":"claude-sonnet-4-6","id":"msg_01SeL7qeSa3ohvZuwyZoZwTD","type":"message","role":"assistant","content":[{"type":"tool_use","id":"toolu_013NLQ98B6SBEEDfLrSzoiYt","name":"Bash","input":{"command":"uv run pm --help 2>&1","description":"Check available PM CLI commands"},"caller":{"type":"direct"}}],"stop_reason":"tool_use","stop_sequence":null,"usage":{"input_tokens":1,"cache_creation_input_tokens":545,"cache_read_input_tokens":19907,"output_tokens":82,"server_tool_use":{"web_search_requests":0,"web_fetch_requests":0},"service_tier":"standard","cache_creation":{"ephemeral_1h_input_tokens":0,"ephemeral_5m_input_tokens":545},"inference_geo":"","iterations":[],"speed":"standard"}},"requestId":"req_011CZG6njzanfsCNaHvnDxP4","type":"assistant","uuid":"d70e4fed-00ca-41fa-86b9-34278d47e0cb","timestamp":"2026-03-21T10:53:31.091Z","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"d70e4fed-00ca-41fa-86b9-34278d47e0cb","isSidechain":true,"promptId":"c4ac6232-92f0-429a-a3b9-75068190954e","agentId":"a03f3dce99ae041a3","type":"user","message":{"role":"user","content":[{"tool_use_id":"toolu_013NLQ98B6SBEEDfLrSzoiYt","type":"tool_result","content":"Usage: pm [OPTIONS] COMMAND [ARGS]...\n\n PM - Portfolio Management CLI\n\n Graham value investing toolkit with price alert monitoring.\n\n Examples:\n pm graham screen\n pm graham list\n pm watch list\n pm config show\n\nOptions:\n -c, --config PATH Path to configuration YAML file\n -v, --verbose Enable verbose output\n -q, --quiet Disable progress bars and visual output\n --version Show the version and exit.\n --help Show this message and exit.\n\nCommands:\n config Manage configuration settings.\n graham Graham value portfolio — screen, score, buy, and track.\n version Display version information.\n watch General-purpose price alert watchlist.","is_error":false}]},"uuid":"de45016b-6e07-439c-8ab2-e9328faef458","timestamp":"2026-03-21T10:53:31.570Z","sourceToolAssistantUUID":"d70e4fed-00ca-41fa-86b9-34278d47e0cb","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"de45016b-6e07-439c-8ab2-e9328faef458","isSidechain":true,"agentId":"a03f3dce99ae041a3","message":{"model":"claude-sonnet-4-6","id":"msg_01T2EcmTFh89PUY3xuzZPXky","type":"message","role":"assistant","content":[{"type":"tool_use","id":"toolu_01LeBSnoeGW3RdXJEsic7PVZ","name":"Bash","input":{"command":"cat > /tmp/soc_data.py << 'EOF'\n"""Comprehensive data pull for SOC (Sable Offshore Corp)"""\nimport yfinance as yf\nimport json\n\nticker = yf.Ticker("SOC")\n\n# Basic info\ninfo = ticker.info\nprint("=== BASIC INFO ===")\nkeys_of_interest = [\n "longName", "longBusinessSummary", "sector", "industry",\n "currentPrice", "previousClose", "open", "dayHigh", "dayLow",\n "fiftyTwoWeekHigh", "fiftyTwoWeekLow", "marketCap",\n "sharesOutstanding", "floatShares", "sharesShort", "shortRatio",\n "shortPercentOfFloat", "dateShortInterest",\n "institutionsPercentHeld", "institutionOwnershipPercent",\n "heldPercentInstitutions", "heldPercentInsiders",\n "enterpriseValue", "trailingPE", "forwardPE",\n "priceToBook", "priceToSalesTrailingTwelveMonths",\n "totalRevenue", "revenuePerShare",\n "totalCash", "totalDebt", "totalDebtToEquity",\n "freeCashflow", "operatingCashflow",\n "trailingEps", "forwardEps",\n "ebitda", "grossMargins", "operatingMargins", "profitMargins",\n "dividendYield", "payoutRatio",\n "beta", "volume", "averageVolume", "averageVolume10days",\n "recommendationKey", "numberOfAnalystOpinions", "targetMeanPrice", "targetLowPrice", "targetHighPrice",\n "currency", "exchange"\n]\nfor k in keys_of_interest:\n v = info.get(k)\n if v is not None:\n print(f" {k}: {v}")\n\nprint("\n=== SHARES / FLOAT / SHORT INTEREST ===")\nprint(f" Shares Outstanding: {info.get('sharesOutstanding', 'N/A'):,}" if isinstance(info.get('sharesOutstanding'), int) else f" Shares Outstanding: {info.get('sharesOutstanding', 'N/A')}")\nprint(f" Float Shares: {info.get('floatShares', 'N/A'):,}" if isinstance(info.get('floatShares'), int) else f" Float Shares: {info.get('floatShares', 'N/A')}")\nprint(f" Shares Short: {info.get('sharesShort', 'N/A'):,}" if isinstance(info.get('sharesShort'), int) else f" Shares Short: {info.get('sharesShort', 'N/A')}")\nprint(f" Short % of Float: {info.get('shortPercentOfFloat', 'N/A')}")\nprint(f" Short Ratio (DTC): {info.get('shortRatio', 'N/A')}")\nprint(f" Held by Institutions: {info.get('heldPercentInstitutions', 'N/A')}")\nprint(f" Held by Insiders: {info.get('heldPercentInsiders', 'N/A')}")\n\nprint("\n=== ANALYST TARGETS ===")\nprint(f" Target Mean: {info.get('targetMeanPrice', 'N/A')}")\nprint(f" Target High: {info.get('targetHighPrice', 'N/A')}")\nprint(f" Target Low: {info.get('targetLowPrice', 'N/A')}")\nprint(f" Recommendation: {info.get('recommendationKey', 'N/A')}")\nprint(f" # Analysts: {info.get('numberOfAnalystOpinions', 'N/A')}")\n\nEOF\nuv run python /tmp/soc_data.py 2>&1","description":"Pull SOC basic info, short interest, and analyst data from yfinance","timeout":60000},"caller":{"type":"direct"}}],"stop_reason":null,"stop_sequence":null,"usage":{"input_tokens":1,"cache_creation_input_tokens":263,"cache_read_input_tokens":20452,"cache_creation":{"ephemeral_5m_input_tokens":263,"ephemeral_1h_input_tokens":0},"output_tokens":19,"service_tier":"standard","inference_geo":"not_available"}},"requestId":"req_011CZG6nwgHynBCBEkXVmK7V","type":"assistant","uuid":"80d67977-8a86-4e92-b455-2191d32bb8a9","timestamp":"2026-03-21T10:53:46.823Z","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"80d67977-8a86-4e92-b455-2191d32bb8a9","isSidechain":true,"promptId":"c4ac6232-92f0-429a-a3b9-75068190954e","agentId":"a03f3dce99ae041a3","type":"user","message":{"role":"user","content":[{"tool_use_id":"toolu_01LeBSnoeGW3RdXJEsic7PVZ","type":"tool_result","content":"=== BASIC INFO ===\n longName: Sable Offshore Corp.\n longBusinessSummary: Sable Offshore Corp. operates as an independent oil and gas company in the United States. The company operates through three platforms located in federal waters offshore California. It also owns and operates 16 federal leases across approximately 76,000 acres, as well as subsea pipelines that transports crude oil, natural gas, and produced water from the platforms to the onshore processing facilities. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is headquartered in Houston, Texas.\n sector: Energy\n industry: Oil & Gas Drilling\n currentPrice: 16.28\n previousClose: 17.14\n open: 17.06\n dayHigh: 17.8837\n dayLow: 16.0144\n fiftyTwoWeekHigh: 35.0\n fiftyTwoWeekLow: 3.72\n marketCap: 2397133824\n sharesOutstanding: 147244086\n floatShares: 74539374\n sharesShort: 32514965\n shortRatio: 6.21\n shortPercentOfFloat: 0.2901\n dateShortInterest: 1772150400\n heldPercentInstitutions: 0.96455\n heldPercentInsiders: 0.15027\n enterpriseValue: 3242144768\n forwardPE: 7.502304\n priceToBook: 4.416712\n totalCash: 97684000\n totalDebt: 942694976\n freeCashflow: -667510720\n operatingCashflow: -351702016\n trailingEps: -4.18\n forwardEps: 2.17\n ebitda: -386560992\n grossMargins: 0.0\n operatingMargins: 0.0\n profitMargins: 0.0\n payoutRatio: 0.0\n beta: 0.431\n volume: 11975030\n averageVolume: 8218596\n averageVolume10days: 9111850\n recommendationKey: strong_buy\n numberOfAnalystOpinions: 4\n targetMeanPrice: 26.0\n targetLowPrice: 23.0\n targetHighPrice: 29.0\n currency: USD\n exchange: NYQ\n\n=== SHARES / FLOAT / SHORT INTEREST ===\n Shares Outstanding: 147,244,086\n Float Shares: 74,539,374\n Shares Short: 32,514,965\n Short % of Float: 0.2901\n Short Ratio (DTC): 6.21\n Held by Institutions: 0.96455\n Held by Insiders: 0.15027\n\n=== ANALYST TARGETS ===\n Target Mean: 26.0\n Target High: 29.0\n Target Low: 23.0\n Recommendation: strong_buy\n # Analysts: 4","is_error":false}]},"uuid":"25bea921-5a34-4c1c-9ff4-b3e57802accb","timestamp":"2026-03-21T10:53:49.033Z","sourceToolAssistantUUID":"80d67977-8a86-4e92-b455-2191d32bb8a9","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"25bea921-5a34-4c1c-9ff4-b3e57802accb","isSidechain":true,"agentId":"a03f3dce99ae041a3","message":{"model":"claude-sonnet-4-6","id":"msg_01T2EcmTFh89PUY3xuzZPXky","type":"message","role":"assistant","content":[{"type":"tool_use","id":"toolu_016Wdjt96W5DAtzto4HMPsp9","name":"Bash","input":{"command":"cat > /tmp/soc_history.py << 'EOF'\n"""SOC 6-month weekly price history"""\nimport yfinance as yf\n\nticker = yf.Ticker("SOC")\n\n# 6-month weekly history\nhist = ticker.history(period="6mo", interval="1wk")\nprint("=== 6-MONTH WEEKLY PRICE HISTORY ===")\nprint(f"{'Date':<12} {'Open':>8} {'High':>8} {'Low':>8} {'Close':>8} {'Volume':>12}")\nprint("-" * 60)\nfor idx, row in hist.iterrows():\n date_str = idx.strftime("%Y-%m-%d")\n print(f"{date_str:<12} {row['Open']:>8.2f} {row['High']:>8.2f} {row['Low']:>8.2f} {row['Close']:>8.2f} {int(row['Volume']):>12,}")\n\n# Also get daily for recent 1 month\nhist_1m = ticker.history(period="1mo", interval="1d")\nprint("\n=== RECENT 1-MONTH DAILY CLOSES ===")\nfor idx, row in hist_1m.iterrows():\n date_str = idx.strftime("%Y-%m-%d")\n print(f" {date_str}: ${row['Close']:.2f} Vol: {int(row['Volume']):,}")\n\nEOF\nuv run python /tmp/soc_history.py 2>&1","description":"Pull SOC 6-month weekly and 1-month daily price history","timeout":60000},"caller":{"type":"direct"}}],"stop_reason":null,"stop_sequence":null,"usage":{"input_tokens":1,"cache_creation_input_tokens":263,"cache_read_input_tokens":20452,"cache_creation":{"ephemeral_5m_input_tokens":263,"ephemeral_1h_input_tokens":0},"output_tokens":19,"service_tier":"standard","inference_geo":"not_available"}},"requestId":"req_011CZG6nwgHynBCBEkXVmK7V","type":"assistant","uuid":"7a0ecb7f-14b2-449b-9279-f553036e8a91","timestamp":"2026-03-21T10:53:51.308Z","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"7a0ecb7f-14b2-449b-9279-f553036e8a91","isSidechain":true,"promptId":"c4ac6232-92f0-429a-a3b9-75068190954e","agentId":"a03f3dce99ae041a3","type":"user","message":{"role":"user","content":[{"tool_use_id":"toolu_016Wdjt96W5DAtzto4HMPsp9","type":"tool_result","content":"=== 6-MONTH WEEKLY PRICE HISTORY ===\nDate Open High Low Close Volume\n------------------------------------------------------------\n2025-09-22 23.50 24.84 19.21 19.75 25,981,600\n2025-09-29 19.90 20.39 17.25 19.09 31,172,600\n2025-10-06 19.11 20.74 18.15 18.39 14,914,200\n2025-10-13 18.46 19.07 11.25 11.81 39,314,100\n2025-10-20 13.70 14.77 11.43 13.36 33,556,600\n2025-10-27 13.91 14.03 10.38 10.46 27,276,800\n2025-11-03 9.89 9.98 4.58 5.34 52,856,700\n2025-11-10 6.93 7.42 4.04 4.19 63,462,900\n2025-11-17 4.21 4.86 3.72 4.47 35,574,500\n2025-11-24 4.38 4.89 4.04 4.37 17,549,100\n2025-12-01 4.23 5.83 4.08 5.64 29,841,700\n2025-12-08 5.73 6.55 5.18 6.16 27,298,600\n2025-12-15 6.10 9.47 5.04 7.78 86,869,800\n2025-12-22 7.90 11.00 7.31 8.53 72,395,600\n2025-12-29 8.29 12.30 8.03 11.73 45,282,500\n2026-01-05 11.16 11.86 8.03 9.82 42,924,300\n2026-01-12 9.93 11.84 9.56 11.62 28,776,700\n2026-01-19 11.45 13.31 10.26 10.43 37,706,800\n2026-01-26 10.34 10.91 9.50 9.68 31,924,200\n2026-02-02 9.19 9.75 6.95 7.94 33,847,900\n2026-02-09 7.84 9.30 7.80 8.89 21,249,300\n2026-02-16 8.92 9.19 8.36 8.95 13,556,500\n2026-02-23 8.87 9.60 6.54 8.25 28,396,000\n2026-03-02 8.70 15.31 7.91 14.37 54,156,100\n2026-03-09 15.00 19.25 13.69 16.83 49,514,600\n2026-03-16 18.07 18.39 15.75 16.28 53,578,930\n\n=== RECENT 1-MONTH DAILY CLOSES ===\n 2026-02-23: $8.91 Vol: 4,015,300\n 2026-02-24: $9.35 Vol: 3,560,600\n 2026-02-25: $9.13 Vol: 3,855,400\n 2026-02-26: $7.91 Vol: 10,700,200\n 2026-02-27: $8.25 Vol: 6,264,500\n 2026-03-02: $8.60 Vol: 5,706,800\n 2026-03-03: $9.34 Vol: 7,213,200\n 2026-03-04: $10.09 Vol: 5,578,600\n 2026-03-05: $13.85 Vol: 20,147,400\n 2026-03-06: $14.37 Vol: 15,510,100\n 2026-03-09: $14.17 Vol: 8,741,500\n 2026-03-10: $14.41 Vol: 4,633,600\n 2026-03-11: $16.58 Vol: 19,809,500\n 2026-03-12: $17.45 Vol: 7,370,400\n 2026-03-13: $16.83 Vol: 8,959,600\n 2026-03-16: $16.13 Vol: 10,239,900\n 2026-03-17: $17.23 Vol: 7,111,900\n 2026-03-18: $16.86 Vol: 7,463,900\n 2026-03-19: $17.14 Vol: 4,254,500\n 2026-03-20: $16.28 Vol: 11,975,030","is_error":false}]},"uuid":"2b292cda-0569-4b89-b672-d1bad49dab81","timestamp":"2026-03-21T10:53:52.967Z","sourceToolAssistantUUID":"7a0ecb7f-14b2-449b-9279-f553036e8a91","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"2b292cda-0569-4b89-b672-d1bad49dab81","isSidechain":true,"agentId":"a03f3dce99ae041a3","message":{"model":"claude-sonnet-4-6","id":"msg_01T2EcmTFh89PUY3xuzZPXky","type":"message","role":"assistant","content":[{"type":"tool_use","id":"toolu_01TyoRSPsAqwDbDV1kkPyRzw","name":"Bash","input":{"command":"cat > /tmp/soc_financials.py << 'EOF'\n"""SOC financials, balance sheet, cash flow, insiders"""\nimport yfinance as yf\n\nticker = yf.Ticker("SOC")\n\nprint("=== INCOME STATEMENT (Annual) ===")\ntry:\n fs = ticker.financials\n print(fs.to_string())\nexcept Exception as e:\n print(f"Error: {e}")\n\nprint("\n=== INCOME STATEMENT (Quarterly) ===")\ntry:\n qfs = ticker.quarterly_financials\n print(qfs.to_string())\nexcept Exception as e:\n print(f"Error: {e}")\n\nprint("\n=== BALANCE SHEET (Annual) ===")\ntry:\n bs = ticker.balance_sheet\n print(bs.to_string())\nexcept Exception as e:\n print(f"Error: {e}")\n\nprint("\n=== CASH FLOW (Annual) ===")\ntry:\n cf = ticker.cashflow\n print(cf.to_string())\nexcept Exception as e:\n print(f"Error: {e}")\n\nprint("\n=== CASH FLOW (Quarterly) ===")\ntry:\n qcf = ticker.quarterly_cashflow\n print(qcf.to_string())\nexcept Exception as e:\n print(f"Error: {e}")\n\nEOF\nuv run python /tmp/soc_financials.py 2>&1","description":"Pull SOC income statement, balance sheet, and cash flow data","timeout":60000},"caller":{"type":"direct"}}],"stop_reason":"tool_use","stop_sequence":null,"usage":{"input_tokens":1,"cache_creation_input_tokens":263,"cache_read_input_tokens":20452,"output_tokens":2028,"server_tool_use":{"web_search_requests":0,"web_fetch_requests":0},"service_tier":"standard","cache_creation":{"ephemeral_1h_input_tokens":0,"ephemeral_5m_input_tokens":263},"inference_geo":"","iterations":[],"speed":"standard"}},"requestId":"req_011CZG6nwgHynBCBEkXVmK7V","type":"assistant","uuid":"746daab1-af81-4c6b-8d03-109551db2df2","timestamp":"2026-03-21T10:53:54.867Z","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"746daab1-af81-4c6b-8d03-109551db2df2","isSidechain":true,"promptId":"c4ac6232-92f0-429a-a3b9-75068190954e","agentId":"a03f3dce99ae041a3","type":"user","message":{"role":"user","content":[{"tool_use_id":"toolu_01TyoRSPsAqwDbDV1kkPyRzw","type":"tool_result","content":"=== INCOME STATEMENT (Annual) ===\n 2025-12-31 2023-12-31 2022-12-31 2021-12-31\nTax Effect Of Unusual Items 1.873263e+07 0.000000e+00 104580.00 0.00\nTax Rate For Calcs 2.100000e-01 0.000000e+00 0.21 0.00\nNormalized EBITDA -3.849390e+08 -7.265500e+07 -6648199.00 -7837941.00\nTotal Unusual Items 8.920300e+07 -2.706450e+07 498000.00 6155125.00\nTotal Unusual Items Excluding Goodwill 8.920300e+07 -2.706450e+07 498000.00 6155125.00\nNet Income From Continuing Operation Net Minority Interest -4.101620e+08 -9.367300e+07 -2590948.00 4273078.00\nReconciled Depreciation 1.451000e+07 2.101800e+07 NaN NaN\nReconciled Cost Of Revenue 1.288800e+07 2.101800e+07 NaN NaN\nEBITDA -2.957360e+08 -7.265500e+07 -6150199.00 -1682816.00\nEBIT -3.102460e+08 -9.367300e+07 -6150199.00 -1682816.00\nNet Interest Income -8.824500e+07 0.000000e+00 3989061.00 16153.00\nInterest Expense 8.824500e+07 0.000000e+00 NaN NaN\nInterest Income NaN 4.415456e+06 3989061.00 16153.00\nNormalized Income -4.806324e+08 -9.367300e+07 -2984368.00 -1882047.00\nNet Income From Continuing And Discontinued Operation -4.101620e+08 -9.367300e+07 -2590948.00 4273078.00\nTotal Expenses 4.082830e+08 9.447400e+07 6150199.00 1682816.00\nTotal Operating Income As Reported -4.082830e+08 -9.447400e+07 -6150199.00 -1682816.00\nDiluted Average Shares 9.817970e+07 1.329218e+07 35937500.00 31605308.00\nBasic Average Shares 9.817970e+07 1.329218e+07 35937500.00 31605308.00\nDiluted EPS -4.180000e+00 -7.047225e+00 -0.07 0.14\nBasic EPS -4.180000e+00 -7.047225e+00 -0.07 0.14\nDiluted NI Availto Com Stockholders -4.101620e+08 -9.367300e+07 -2590948.00 4273078.00\nNet Income Common Stockholders -4.101620e+08 -9.367300e+07 -2590948.00 4273078.00\nNet Income -4.101620e+08 -9.367300e+07 -2590948.00 4273078.00\nNet Income Including Noncontrolling Interests -4.101620e+08 -9.367300e+07 -2590948.00 4273078.00\nNet Income Continuous Operations -4.101620e+08 -9.367300e+07 -2590948.00 4273078.00\nTax Provision 1.167100e+07 0.000000e+00 757069.00 0.00\nPretax Income -3.984910e+08 -9.367300e+07 -1833879.00 4273078.00\nOther Income Expense 9.803700e+07 8.010000e+05 327259.00 5939741.00\nOther Non Operating Income Expenses 8.834000e+06 8.010000e+05 -170741.00 -215384.00\nGain On Sale Of Security 8.920300e+07 -2.706450e+07 498000.00 6155125.00\nNet Non Operating Interest Income Expense -8.824500e+07 0.000000e+00 3989061.00 16153.00\nInterest Expense Non Operating 8.824500e+07 0.000000e+00 NaN NaN\nInterest Income Non Operating NaN 4.415456e+06 3989061.00 16153.00\nOperating Income -4.082830e+08 -9.447400e+07 -6150199.00 -1682816.00\nOperating Expense 3.953950e+08 7.345600e+07 6150199.00 1682816.00\nOther Operating Expenses NaN 4.918801e+06 6150199.00 1682816.00\nSelling General And Administration 1.761970e+08 1.276300e+07 NaN 1682816.00\nGeneral And Administrative Expense 1.761970e+08 1.276300e+07 NaN 1682816.00\nOther Gand A 1.761970e+08 1.276300e+07 NaN 1682816.00\nGross Profit -1.288800e+07 -2.101800e+07 NaN NaN\nCost Of Revenue 1.288800e+07 2.101800e+07 NaN NaN\nTotal Revenue 0.000000e+00 0.000000e+00 0.00 0.00\nOperating Revenue 0.000000e+00 0.000000e+00 0.00 0.00\n\n=== INCOME STATEMENT (Quarterly) ===\n 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-09-30 2024-06-30\nTax Effect Of Unusual Items 8.745247e+06 7.311570e+06 5.700660e+06 -4.471950e+06 -3.742179e+07 NaN\nTax Rate For Calcs 1.801840e-01 2.100000e-01 2.100000e-01 2.100000e-01 2.100000e-01 NaN\nNormalized EBITDA -9.533600e+07 -1.138800e+08 -1.227940e+08 -5.292900e+07 -5.733700e+07 NaN\nTotal Unusual Items 4.853500e+07 3.481700e+07 2.714600e+07 -2.129500e+07 -1.781990e+08 NaN\nTotal Unusual Items Excluding Goodwill 4.853500e+07 3.481700e+07 2.714600e+07 -2.129500e+07 -1.781990e+08 NaN\nNet Income From Continuing Operation Net Minority Interest -6.217400e+07 -1.103780e+08 -1.280660e+08 -1.095440e+08 -2.555700e+08 NaN\nReconciled Depreciation 3.822000e+06 3.675000e+06 3.586000e+06 3.427000e+06 NaN NaN\nReconciled Cost Of Revenue 3.436000e+06 3.259000e+06 3.172000e+06 3.021000e+06 2.755000e+06 NaN\nEBITDA -4.680100e+07 -7.906300e+07 -9.564800e+07 -7.422400e+07 -2.355360e+08 NaN\nEBIT -5.062300e+07 -8.273800e+07 -9.923400e+07 -7.765100e+07 -2.355360e+08 NaN\nNet Interest Income -2.521600e+07 -2.101000e+07 -2.100900e+07 -2.101000e+07 -1.916900e+07 NaN\nInterest Expense 2.521600e+07 2.101000e+07 2.100900e+07 2.101000e+07 1.916900e+07 NaN\nNormalized Income -1.019638e+08 -1.378834e+08 -1.495113e+08 -9.272095e+07 -1.147928e+08 NaN\nNet Income From Continuing And Discontinued Operation -6.217400e+07 -1.103780e+08 -1.280660e+08 -1.095440e+08 -2.555700e+08 NaN\nTotal Expenses 1.002160e+08 1.193830e+08 1.288880e+08 5.979600e+07 5.460900e+07 NaN\nTotal Operating Income As Reported -1.002160e+08 -1.193830e+08 -1.288880e+08 -5.979600e+07 -5.460900e+07 NaN\nDiluted Average Shares NaN 9.948564e+07 9.122434e+07 8.443673e+07 6.216630e+07 60166269.00\nBasic Average Shares NaN 9.948564e+07 9.122434e+07 8.443673e+07 6.216630e+07 60166269.00\nDiluted EPS NaN -1.110000e+00 -1.400000e+00 -1.300000e+00 -4.110000e+00 -2.75\nBasic EPS NaN -1.110000e+00 -1.400000e+00 -1.300000e+00 -4.110000e+00 -2.75\nDiluted NI Availto Com Stockholders -6.217400e+07 -1.103780e+08 -1.280660e+08 -1.095440e+08 -2.555700e+08 NaN\nNet Income Common Stockholders -6.217400e+07 -1.103780e+08 -1.280660e+08 -1.095440e+08 -2.555700e+08 NaN\nNet Income -6.217400e+07 -1.103780e+08 -1.280660e+08 -1.095440e+08 -2.555700e+08 NaN\nNet Income Including Noncontrolling Interests -6.217400e+07 -1.103780e+08 -1.280660e+08 -1.095440e+08 -2.555700e+08 NaN\nNet Income Continuous Operations -6.217400e+07 -1.103780e+08 -1.280660e+08 -1.095440e+08 -2.555700e+08 NaN\nTax Provision -1.366500e+07 6.630000e+06 7.823000e+06 1.088300e+07 8.650000e+05 NaN\nPretax Income -7.583900e+07 -1.037480e+08 -1.202430e+08 -9.866100e+07 -2.547050e+08 NaN\nOther Income Expense 4.959300e+07 3.664500e+07 2.965400e+07 -1.785500e+07 -1.809270e+08 NaN\nOther Non Operating Income Expenses 1.058000e+06 1.828000e+06 2.508000e+06 3.440000e+06 -2.728000e+06 NaN\nGain On Sale Of Security 4.853500e+07 3.481700e+07 2.714600e+07 -2.129500e+07 -1.781990e+08 NaN\nNet Non Operating Interest Income Expense -2.521600e+07 -2.101000e+07 -2.100900e+07 -2.101000e+07 -1.916900e+07 NaN\nInterest Expense Non Operating 2.521600e+07 2.101000e+07 2.100900e+07 2.101000e+07 1.916900e+07 NaN\nOperating Income -1.002160e+08 -1.193830e+08 -1.288880e+08 -5.979600e+07 -5.460900e+07 NaN\nOperating Expense 9.678000e+07 1.161240e+08 1.257160e+08 5.677500e+07 5.185400e+07 NaN\nOther Operating Expenses NaN NaN 5.039800e+07 3.444300e+07 2.562900e+07 26294000.00\nSelling General And Administration 4.182800e+07 3.671900e+07 7.531800e+07 2.233200e+07 2.622500e+07 NaN\nGeneral And Administrative Expense 4.182800e+07 3.671900e+07 7.531800e+07 2.233200e+07 2.622500e+07 NaN\nOther Gand A 4.182800e+07 3.671900e+07 7.531800e+07 2.233200e+07 2.622500e+07 NaN\nGross Profit -3.436000e+06 -3.259000e+06 -3.172000e+06 -3.021000e+06 -2.755000e+06 NaN\nCost Of Revenue 3.436000e+06 3.259000e+06 3.172000e+06 3.021000e+06 2.755000e+06 NaN\nTotal Revenue 0.000000e+00 0.000000e+00 0.000000e+00 0.000000e+00 0.000000e+00 NaN\nOperating Revenue 0.000000e+00 0.000000e+00 0.000000e+00 0.000000e+00 0.000000e+00 NaN\n\n=== BALANCE SHEET (Annual) ===\n 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31\nTreasury Shares Number NaN NaN 0.000000e+00 NaN NaN\nOrdinary Shares Number 1.449618e+08 8.931100e+07 1.329218e+07 35937500.0 NaN\nShare Issued 1.449618e+08 8.931100e+07 1.329218e+07 35937500.0 NaN\nNet Debt 8.239000e+08 5.331580e+08 7.242108e+06 1679474.0 NaN\nTotal Debt 9.434140e+08 8.514480e+08 6.668000e+06 1779730.0 NaN\nTangible Book Value 5.343030e+08 3.841850e+08 3.390210e+08 272021742.0 NaN\nInvested Capital 1.455887e+09 1.217727e+09 3.390210e+08 273801472.0 NaN\nWorking Capital -8.877230e+08 2.346040e+08 -1.689000e+06 -6547305.0 NaN\nNet Tangible Assets 5.343030e+08 3.841850e+08 3.390210e+08 272021742.0 NaN\nCapital Lease Obligations 2.183000e+07 1.790600e+07 6.668000e+06 NaN NaN\nCommon Stock Equity 5.343030e+08 3.841850e+08 3.390210e+08 272021742.0 NaN\nTotal Capitalization 5.343030e+08 1.217727e+09 3.390210e+08 272021742.0 NaN\nTotal Equity Gross Minority Interest 5.343030e+08 3.841850e+08 3.390210e+08 272021742.0 NaN\nStockholders Equity 5.343030e+08 3.841850e+08 3.390210e+08 272021742.0 NaN\nOther Equity Interest NaN NaN 3.390210e+08 NaN NaN\nRetained Earnings -1.108458e+09 -6.982960e+08 0.000000e+00 -18325985.0 NaN\nAdditional Paid In Capital 1.642746e+09 1.082473e+09 0.000000e+00 NaN 0.0\nCapital Stock 1.500000e+04 8.000000e+03 0.000000e+00 290347727.0 NaN\nCommon Stock 1.500000e+04 8.000000e+03 0.000000e+00 290347727.0 NaN\nPreferred Stock 0.000000e+00 0.000000e+00 0.000000e+00 0.0 NaN\nTotal Liabilities Net Minority Interest 1.206519e+09 1.198987e+09 3.725600e+08 18885023.0 NaN\nTotal Non Current Liabilities Net Minority Interest 1.830940e+08 1.078316e+09 3.546580e+08 12149250.0 NaN\nLiabilities Heldfor Sale Non Current NaN 9.968300e+07 3.491380e+08 NaN NaN\nDerivative Product Liabilities 3.773800e+07 1.269410e+08 0.000000e+00 12149250.0 NaN\nNon Current Deferred Liabilities 1.283300e+07 1.162000e+06 0.000000e+00 NaN NaN\nNon Current Deferred Taxes Liabilities 1.283300e+07 1.162000e+06 0.000000e+00 NaN NaN\nLong Term Debt And Capital Lease Obligation 1.934200e+07 8.505300e+08 5.520000e+06 NaN NaN\nLong Term Capital Lease Obligation 1.934200e+07 1.698800e+07 5.520000e+06 NaN NaN\nLong Term Debt NaN 8.335420e+08 NaN NaN NaN\nLong Term Provisions 1.131810e+08 9.968300e+07 3.491380e+08 NaN NaN\nCurrent Liabilities 1.023425e+09 1.206710e+08 1.790200e+07 6735773.0 NaN\nCurrent Debt And Capital Lease Obligation 9.240720e+08 9.180000e+05 1.148000e+06 1779730.0 NaN\nCurrent Capital Lease Obligation 2.488000e+06 9.180000e+05 1.148000e+06 NaN NaN\nCurrent Debt 9.215840e+08 NaN 7.509924e+06 1779730.0 956115.0\nOther Current Borrowings 9.215840e+08 NaN 6.381294e+06 1409730.0 956115.0\nCurrent Notes Payable NaN NaN 1.128630e+06 370000.0 0.0\nPayables And Accrued Expenses 9.935300e+07 1.197530e+08 1.675400e+07 4956043.0 NaN\nCurrent Accrued Expenses 7.411400e+07 6.790900e+07 2.149000e+06 NaN NaN\nPayables 2.523900e+07 5.184400e+07 1.460500e+07 4956043.0 NaN\nOther Payable NaN 3.503800e+07 NaN NaN NaN\nDueto Related Parties Current NaN 0.000000e+00 1.137000e+07 NaN NaN\nTotal Tax Payable NaN NaN 2.308378e+06 330151.0 0.0\nIncome Tax Payable NaN NaN 0.000000e+00 330151.0 0.0\nAccounts Payable 2.523900e+07 1.680600e+07 3.235000e+06 4625892.0 NaN\nTotal Assets 1.740822e+09 1.583172e+09 7.115810e+08 290906765.0 NaN\nTotal Non Current Assets 1.605120e+09 1.227897e+09 6.953680e+08 290718297.0 NaN\nOther Non Current Assets 4.406800e+07 3.345000e+07 6.404000e+06 290718297.0 NaN\nNon Current Prepaid Assets NaN NaN NaN 0.0 78630.0\nNet PPE 1.561052e+09 1.194447e+09 6.889640e+08 NaN NaN\nAccumulated Depreciation -5.977000e+06 0.000000e+00 -3.693325e+09 NaN NaN\nGross PPE 1.567029e+09 1.194447e+09 4.382289e+09 NaN NaN\nProperties NaN 1.194447e+09 4.382289e+09 NaN NaN\nCurrent Assets 1.357020e+08 3.552750e+08 1.621300e+07 188468.0 NaN\nOther Current Assets 1.128200e+07 4.166000e+06 9.660100e+04 88212.0 NaN\nCurrent Deferred Assets NaN NaN NaN NaN 0.0\nRestricted Cash 0.000000e+00 3.538800e+07 0.000000e+00 NaN NaN\nPrepaid Assets NaN NaN 9.660100e+04 88212.0 521878.0\nInventory 2.673600e+07 1.533700e+07 1.621300e+07 NaN NaN\nOther Inventories 1.207800e+07 NaN NaN NaN NaN\nRaw Materials 1.465800e+07 1.533700e+07 1.621300e+07 NaN NaN\nCash Cash Equivalents And Short Term Investments 9.768400e+07 3.003840e+08 0.000000e+00 100256.0 NaN\nCash And Cash Equivalents 9.768400e+07 3.003840e+08 0.000000e+00 100256.0 NaN\nCash Financial NaN NaN 2.678160e+05 100256.0 322768.0\n\n=== CASH FLOW (Annual) ===\n 2025-12-31 2023-12-31 2022-12-31 2021-12-31\nFree Cash Flow -769326000.0 -70098000.0 -1714430.0 -2007824.0\nRepurchase Of Capital Stock NaN -230129156.0 0.0 NaN\nRepayment Of Debt 0.0 0.0 0.0 -75174.0\nIssuance Of Debt NaN 2565000.0 705000.0 1196548.0\nIssuance Of Capital Stock 545000000.0 70098000.0 0.0 281750000.0\nCapital Expenditure -417624000.0 NaN NaN NaN\nIncome Tax Paid Supplemental Data NaN 1246194.0 426918.0 NaN\nEnd Cash Position 97684000.0 0.0 100256.0 322768.0\nBeginning Cash Position 335772000.0 0.0 322768.0 9014.0\nChanges In Cash -238088000.0 167560.0 -222512.0 313754.0\nFinancing Cash Flow 531238000.0 70098000.0 705000.0 289821578.0\nCash Flow From Continuing Financing Activities 531238000.0 70098000.0 705000.0 289821578.0\nNet Other Financing Charges -13762000.0 NaN NaN -799796.0\nProceeds From Stock Option Exercised 0.0 0.0 0.0 7750000.0\nNet Common Stock Issuance 545000000.0 70098000.0 0.0 281750000.0\nCommon Stock Payments NaN -230129156.0 0.0 NaN\nCommon Stock Issuance 545000000.0 70098000.0 0.0 281750000.0\nNet Issuance Payments Of Debt 0.0 0.0 705000.0 1121374.0\nNet Short Term Debt Issuance NaN 2565000.0 705000.0 1121374.0\nShort Term Debt Payments NaN NaN 0.0 -75174.0\nShort Term Debt Issuance NaN 2565000.0 705000.0 1196548.0\nNet Long Term Debt Issuance 0.0 0.0 NaN 1196548.0\nLong Term Debt Payments 0.0 0.0 NaN -75174.0\nLong Term Debt Issuance NaN NaN NaN 1196548.0\nInvesting Cash Flow -417624000.0 0.0 786918.0 -287500000.0\nCash Flow From Continuing Investing Activities -417624000.0 0.0 786918.0 -287500000.0\nNet Other Investing Changes NaN 231575349.0 786918.0 -287500000.0\nNet Business Purchase And Sale 0.0 0.0 NaN NaN\nPurchase Of Business 0.0 0.0 NaN NaN\nCapital Expenditure Reported -417624000.0 0.0 NaN NaN\nOperating Cash Flow -351702000.0 -70098000.0 -1714430.0 -2007824.0\nCash Flow From Continuing Operating Activities -351702000.0 -70098000.0 -1714430.0 -2007824.0\nChange In Working Capital -9442000.0 2557000.0 5192838.0 -325008.0\nChange In Payables And Accrued Expense 3775000.0 359000.0 4680542.0 275500.0\nChange In Payable 3775000.0 359000.0 4680542.0 275500.0\nChange In Account Payable 3775000.0 -4430000.0 4350391.0 275500.0\nChange In Tax Payable NaN -330151.0 330151.0 0.0\nChange In Income Tax Payable NaN -330151.0 330151.0 0.0\nChange In Prepaid Assets -7544000.0 0.0 512296.0 -600508.0\nChange In Inventory -5673000.0 2198000.0 NaN NaN\nOther Non Cash Items 88245000.0 -717062.0 -3818320.0 -81598.0\nStock Based Compensation 42679000.0 0.0 NaN NaN\nDeferred Tax 11671000.0 0.0 NaN NaN\nDeferred Income Tax 11671000.0 0.0 NaN NaN\nDepreciation Amortization Depletion 14510000.0 21018000.0 NaN NaN\nDepreciation And Amortization 14510000.0 21018000.0 NaN NaN\nDepreciation 14510000.0 21018000.0 NaN NaN\nOperating Gains Losses -89203000.0 27064500.0 -498000.0 -5874296.0\nGain Loss On Investment Securities -89203000.0 27064500.0 -498000.0 -5874296.0\nNet Income From Continuing Operations -410162000.0 -93673000.0 -2590948.0 4273078.0\n\n=== CASH FLOW (Quarterly) ===\n 2025-12-31 2025-09-30 2025-06-30 2025-03-31\nFree Cash Flow -192659000.0 -240737000.0 -224691000.0 -111239000.0\nRepayment Of Debt 0.0 0.0 0.0 0.0\nIssuance Of Capital Stock 250000000.0 0.0 295000000.0 0.0\nCapital Expenditure -94531000.0 -130111000.0 -129678000.0 -63304000.0\nEnd Cash Position 97684000.0 41629000.0 282775000.0 224497000.0\nBeginning Cash Position 41629000.0 282775000.0 224497000.0 335772000.0\nChanges In Cash 56055000.0 -241146000.0 58278000.0 -111275000.0\nFinancing Cash Flow 248714000.0 -409000.0 282969000.0 -36000.0\nCash Flow From Continuing Financing Activities 248714000.0 -409000.0 282969000.0 -36000.0\nNet Other Financing Charges -1286000.0 -409000.0 -12031000.0 -36000.0\nProceeds From Stock Option Exercised 0.0 NaN NaN NaN\nNet Common Stock Issuance 250000000.0 0.0 295000000.0 0.0\nCommon Stock Issuance 250000000.0 0.0 295000000.0 0.0\nNet Issuance Payments Of Debt 0.0 0.0 0.0 0.0\nNet Long Term Debt Issuance 0.0 0.0 0.0 0.0\nLong Term Debt Payments 0.0 0.0 0.0 0.0\nInvesting Cash Flow -94531000.0 -130111000.0 -129678000.0 -63304000.0\nCash Flow From Continuing Investing Activities -94531000.0 -130111000.0 -129678000.0 -63304000.0\nNet Business Purchase And Sale 0.0 0.0 0.0 0.0\nPurchase Of Business 0.0 0.0 0.0 0.0\nCapital Expenditure Reported -94531000.0 -130111000.0 -129678000.0 -63304000.0\nOperating Cash Flow -98128000.0 -110626000.0 -95013000.0 -47935000.0\nCash Flow From Continuing Operating Activities -98128000.0 -110626000.0 -95013000.0 -47935000.0\nChange In Working Capital -15455000.0 -10270000.0 17354000.0 -1071000.0\nChange In Payables And Accrued Expense -16923000.0 -1737000.0 21164000.0 1271000.0\nChange In Payable -16923000.0 -1737000.0 21164000.0 1271000.0\nChange In Account Payable -16923000.0 -1737000.0 21164000.0 1271000.0\nChange In Prepaid Assets 2379000.0 -7229000.0 -95000.0 -2599000.0\nChange In Inventory -911000.0 -1304000.0 -3715000.0 257000.0\nOther Non Cash Items 25216000.0 21010000.0 21009000.0 21010000.0\nStock Based Compensation 12663000.0 13524000.0 10427000.0 6065000.0\nDeferred Tax -13665000.0 6630000.0 7823000.0 10883000.0\nDeferred Income Tax -13665000.0 6630000.0 7823000.0 10883000.0\nDepreciation Amortization Depletion 3822000.0 3675000.0 3586000.0 3427000.0\nDepreciation And Amortization 3822000.0 3675000.0 3586000.0 3427000.0\nDepreciation 3822000.0 3675000.0 3586000.0 3427000.0\nOperating Gains Losses -48535000.0 -34817000.0 -27146000.0 21295000.0\nGain Loss On Investment Securities -48535000.0 -34817000.0 -27146000.0 21295000.0\nNet Income From Continuing Operations -62174000.0 -110378000.0 -128066000.0 -109544000.0","is_error":false}]},"uuid":"654928e7-73a7-4165-8e2e-ea50ca8f5d0b","timestamp":"2026-03-21T10:53:58.046Z","sourceToolAssistantUUID":"746daab1-af81-4c6b-8d03-109551db2df2","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"654928e7-73a7-4165-8e2e-ea50ca8f5d0b","isSidechain":true,"agentId":"a03f3dce99ae041a3","message":{"model":"claude-sonnet-4-6","id":"msg_01Fz3Yat87pjBaqqXykYn5HU","type":"message","role":"assistant","content":[{"type":"tool_use","id":"toolu_017qYp1aTMD86aBqe7QaJYBD","name":"Bash","input":{"command":"cat > /tmp/soc_insiders.py << 'EOF'\n"""SOC insider transactions and institutional holders"""\nimport yfinance as yf\n\nticker = yf.Ticker("SOC")\n\nprint("=== MAJOR HOLDERS ===")\ntry:\n mh = ticker.major_holders\n print(mh.to_string())\nexcept Exception as e:\n print(f"Error: {e}")\n\nprint("\n=== INSTITUTIONAL HOLDERS (Top 20) ===")\ntry:\n ih = ticker.institutional_holders\n print(ih.to_string())\nexcept Exception as e:\n print(f"Error: {e}")\n\nprint("\n=== INSIDER TRANSACTIONS ===")\ntry:\n it = ticker.insider_transactions\n print(it.to_string())\nexcept Exception as e:\n print(f"Error: {e}")\n\nprint("\n=== INSIDER PURCHASES (Open-Market Buys) ===")\ntry:\n ip = ticker.insider_purchases\n print(ip.to_string())\nexcept Exception as e:\n print(f"Error: {e}")\n\nprint("\n=== INSIDER ROSTER ===")\ntry:\n ir = ticker.insider_roster_holders\n print(ir.to_string())\nexcept Exception as e:\n print(f"Error: {e}")\n\nEOF\nuv run python /tmp/soc_insiders.py 2>&1","description":"Pull SOC insider transactions and institutional holder data","timeout":60000},"caller":{"type":"direct"}}],"stop_reason":null,"stop_sequence":null,"usage":{"input_tokens":1,"cache_creation_input_tokens":13038,"cache_read_input_tokens":20715,"cache_creation":{"ephemeral_5m_input_tokens":13038,"ephemeral_1h_input_tokens":0},"output_tokens":26,"service_tier":"standard","inference_geo":"not_available"}},"requestId":"req_011CZG6pttRc5kpTq8YuvFkT","type":"assistant","uuid":"422569fa-bdea-49ef-8760-413f56b6b2c3","timestamp":"2026-03-21T10:54:07.037Z","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}
{"parentUuid":"422569fa-bdea-49ef-8760-413f56b6b2c3","isSidechain":true,"promptId":"7be5160e-c93d-4d4c-8899-b3fb169f084e","agentId":"a03f3dce99ae041a3","type":"user","message":{"role":"user","content":[{"tool_use_id":"toolu_017qYp1aTMD86aBqe7QaJYBD","type":"tool_result","content":"=== MAJOR HOLDERS ===\nBreakdown Value\ninsidersPercentHeld 0.15027\ninstitutionsPercentHeld 0.96455\ninstitutionsFloatPercentHeld 1.13513\ninstitutionsCount 283.00000\n\n=== INSTITUTIONAL HOLDERS (Top 20) ===\n Date Reported Holder pctHeld Shares Value pctChange\n0 2025-12-31 Pilgrim Global Advisors LLC 0.1236 18206121 296395662 0.8328\n1 2025-12-31 Encompass Capital Advisors, LLC 0.0916 13489241 219604852 0.8808\n2 2025-12-31 Capital International Investors 0.0787 11592407 188724393 5.4257\n3 2025-12-31 Alyeska Investment Group, L.p. 0.0753 11091773 180574072 15.0402\n4 2025-12-31 FourWorld Capital Management, LLC 0.0550 8105608 131959303 1.0000\n5 2025-12-31 Vanguard Group Inc 0.0513 7557670 123038872 0.6494\n6 2025-12-31 Blackrock Inc. 0.0456 6709689 109233741 0.2180\n7 2025-12-31 Morgan Stanley 0.0355 5233890 85207732 5.1877\n8 2025-12-31 State Street Corporation 0.0256 3775884 61471394 0.2040\n9 2025-12-31 Millennium Management Llc 0.0220 3232576 52626339 2.4848\n\n=== INSIDER TRANSACTIONS ===\n Shares Value URL Text Insider Position Transaction Start Date Ownership\n0 982645 14777319 Purchase at price 14.74 - 15.44 per share. PILGRIM GLOBAL ICAV Beneficial Owner of more than 10% of a Class of Security 2025-10-15 I\n1 167175 5297776 Sale at price 31.69 per share. PILGRIM GLOBAL ICAV Beneficial Owner of more than 10% of a Class of Security 2025-07-18 D\n2 167175 5297776 Sale at price 31.69 per share. PILGRIM GLOBAL ICAV Beneficial Owner of more than 10% of a Class of Security 2025-07-18 I\n3 25000 0 Stock Award(Grant) at price 0.00 per share. PIPKIN GREGORY PHILLIP Director 2025-04-25 D\n4 25000 0 Stock Award(Grant) at price 0.00 per share. SAROFIM CHRISTOPHER BINYON Director and Beneficial Owner of more than 10% of a Class of Security 2025-04-25 D\n5 25000 0 Stock Award(Grant) at price 0.00 per share. DILLARD MICHAEL E. Director 2025-04-25 D\n6 143806 2899129 Sale at price 20.16 per share. PILGRIM GLOBAL ICAV Beneficial Owner of more than 10% of a Class of Security 2025-04-17 I\n7 143806 2899129 Sale at price 20.16 per share. PILGRIM GLOBAL ICAV Beneficial Owner of more than 10% of a Class of Security 2025-04-17 D\n8 7500 86250 Conversion of Exercise of derivative security at price 11.50 per share. PIPKIN GREGORY PHILLIP Director 2024-11-01 D\n9 267847 3080240 Conversion of Exercise of derivative security at price 11.50 per share. DILLARD MICHAEL E. Director 2024-10-28 D\n10 250000 2875000 Conversion of Exercise of derivative security at price 11.50 per share. SAROFIM CHRISTOPHER BINYON Director and Beneficial Owner of more than 10% of a Class of Security 2024-10-25 D\n11 1453374 16713801 Conversion of Exercise of derivative security at price 11.50 per share. PILGRIM GLOBAL ICAV Beneficial Owner of more than 10% of a Class of Security 2024-10-25 I\n12 50000 575000 Conversion of Exercise of derivative security at price 11.50 per share. DUENNER ANTHONY General Counsel 2024-10-23 I\n13 67000 770500 Conversion of Exercise of derivative security at price 11.50 per share. FLORES JAMES CALDWELL President 2024-10-09 I\n14 750000 21225000 Purchase at price 28.30 per share. PILGRIM GLOBAL ICAV Beneficial Owner of more than 10% of a Class of Security 2024-09-19 D\n15 41000 633450 Purchase at price 15.45 per share. PILGRIM GLOBAL ICAV Beneficial Owner of more than 10% of a Class of Security 2024-08-27 I\n16 82238 1205461 Sale at price 14.66 per share. PIPKIN GREGORY PHILLIP Director 2024-06-05 D\n17 96875 0 Stock Gift at price 0.00 per share. PIPKIN GREGORY PHILLIP Director 2024-06-03 D\n18 200000 2698660 Sale at price 13.29 - 13.72 per share. BOURGEOIS DOSS R Chief Operating Officer 2024-05-21 D\n19 100000 1374150 Purchase at price 13.74 per share. FLORES JAMES CALDWELL Chief Executive Officer 2024-05-20 I\n20 100000 1374150 Purchase at price 13.74 per share. FLORES JAMES CALDWELL Chief Executive Officer 2024-05-20 I\n21 650000 0 Stock Award(Grant) at price 0.00 per share. BOURGEOIS DOSS R Chief Operating Officer 2024-04-19 D\n22 650000 0 Stock Award(Grant) at price 0.00 per share. FLORES JAMES CALDWELL President 2024-04-19 D\n23 52778 0 Stock Award(Grant) at price 0.00 per share. PIPKIN GREGORY PHILLIP Director 2024-04-19 D\n24 52778 0 Stock Award(Grant) at price 0.00 per share. SAROFIM CHRISTOPHER BINYON Director and Beneficial Owner of more than 10% of a Class of Security 2024-04-19 D\n25 52778 0 Stock Award(Grant) at price 0.00 per share. DILLARD MICHAEL E. Director 2024-04-19 D\n26 650000 0 Stock Award(Grant) at price 0.00 per share. PATRINELY GREGORY D. Chief Financial Officer 2024-04-19 D\n27 650000 0 Stock Award(Grant) at price 0.00 per share. DUENNER ANTHONY General Counsel 2024-04-19 D\n\n=== INSIDER PURCHASES (Open-Market Buys) ===\n Insider Purchases Last 6m Shares Trans\n0 Purchases 982645.0 1\n1 Sales 478156.0 3\n2 Net Shares Purchased (Sold) 504489.0 4\n3 Total Insider Shares Held 22126368.0 shortPercentOfFloat field returns 0.2901 (29%) — that figure is wrong because yfinance sometimes computes it against total shares outstanding rather than float; the manually computed figure of 43.6% using actual float is the correct number.\n\nVerdict on DTC claim: 8 days is overstated. Actual is 6.21 days. Still elevated (anything above 3 is considered significant), but not 8.\n\nShort interest trend: The data snapshot is from late February 2026. The stock ran from ~$8 to $16 in early March after DPA news, meaning shorts who built positions at lower prices are now under water — a real squeeze dynamic is in play.\n\n---\n\n## 3. Float and Shares Outstanding\n\n| Metric | Value |\n|---|---|\n| Shares outstanding | 147,244,086 |\n| Float | 74,539,374 |\n| Float as % of outstanding | 50.6% |\n| Non-float (insider/locked up) | 72,704,712 (49.4%) |\n\nFloat of 74.5 million is meaningful — not a micro-cap float. GME-style mechanical squeezes are more difficult at this size, but 43.6% SI on a 74.5M float is genuinely elevated.\n\n---\n\n## 4. Institutional Ownership — REDDIT CLAIM VERIFICATION\n\nReddit claims: 110% institutional ownership\n\n| Metric | Value | Notes |\n|---|---|---|\n| Institutions % of total shares | 96.5% | 283 institutions |\n| Institutions % of float | 113.5% | Exceeds 100% |\n| Insider ownership | 15.0% | ~22.1M shares |\n\nVerdict: The 110% figure is actually understated relative to the verified 113.5% institutions-as-a-percentage-of-float. This metric exceeding 100% is a known mathematical artifact: when institutions collectively hold more shares than the float, it means institutional holdings include shares that are technically classified as "insider/restricted." It does not mean more shares exist than are outstanding — it just means the float calculation (which strips out insider-held shares) creates an apparent over-100% when you divide institutional shares by float.\n\nTop institutional holders (as of Dec 31, 2025):\n1. Pilgrim Global Advisors LLC — 18.2M shares (12.4%, >10% beneficial owner)\n2. Encompass Capital Advisors — 13.5M shares (9.2%)\n3. Capital International Investors — 11.6M shares (7.9%)\n4. Alyeska Investment Group — 11.1M shares (7.5%, +15% increase last quarter)\n5. FourWorld Capital Management — 8.1M shares (5.5%)\n6. Vanguard Group — 7.6M shares (5.1%)\n7. BlackRock — 6.7M shares (4.6%)\n8. Morgan Stanley — 5.2M shares (3.6%)\n9. State Street — 3.8M shares (2.6%)\n10. Millennium Management — 3.2M shares (2.2%)\n\n---\n\n## 5. Company Fundamentals\n\nRevenue and Earnings — This company has zero operating revenue\n\n| Period | Revenue | Net Loss | Operating CF |\n|---|---|---|---|\n| FY2025 | $0 | -$410.2M | -$351.7M |\n| FY2024 | $0 | N/A | N/A |\n| FY2023 | $0 | -$93.7M | -$70.1M |\n| Q4 2025 | $0 | -$62.2M | -$98.1M |\n| Q3 2025 | $0 | -$110.4M | -$110.6M |\n| Q2 2025 | $0 | -$128.1M | -$95.0M |\n| Q1 2025 | $0 | -$109.5M | -$47.9M |\n\nBalance sheet (Dec 31, 2025)\n\n| Metric | Value |\n|---|---|\n| Cash | $97.7M |\n| Total debt | $942.7M |\n| Net debt | $844.9M |\n| Total assets | $1.74B |\n| Stockholders equity | $534.3M |\n| Net PP&E (platforms/pipelines) | $1.56B |\n\nBurn rate / cash runway: Average quarterly operating cash outflow in 2025 was ~$87.9M/quarter. At year-end cash of $97.7M, the company has roughly 1 quarter of runway (~3 months) with no revenue. This means cash becomes critical by late Q1 or Q2 2026 unless oil sales begin immediately. The April 1, 2026 first-sales target is not just a business milestone — it is a financial necessity.\n\nExxon loan: ~$625M+ senior secured at 15% PIK interest, matures the earlier of March 31, 2027 or 90 days after first hydrocarbon sales. If sales start April 1, the loan matures by approximately July 1, 2026. This is a hard refinancing deadline. The 15% PIK rate means the outstanding principal compounds rapidly.\n\nForward EPS estimate: +$2.17 (based on analyst estimates, forward P/E ~7.5x if oil sales commence)\n\nNext earnings: May 7, 2026\n\n---\n\n## 6. Recent News and Catalysts\n\nKey events in reverse chronological order:\n\n- March 16, 2026: SOC officially announces oil flow has resumed under DPA order. Expected gross oil rate 50,000 Bbls/d, first sales by April 1, 2026. Platforms Harmony and Heritage producing; Platform Hondo expected June 2026.\n- March 14, 2026: Pipeline transportation actually resumes (physical restart).\n- March 13, 2026: President Trump signs Executive Order delegating Defense Production Act authority to Energy Secretary. Secretary Wright orders Sable to immediately restore operations.\n- February 27, 2026: FY2025 results reported. Full year net loss -$410M, zero revenue. $250M ATM offering announced simultaneously.\n- February 2, 2026: $250M ATM offering filed with SEC (TD Securities + Jefferies as agents).\n- December 24, 2025: PHMSA emergency special permit received for pipeline segments 324 and 325.\n- November 10-14, 2025: $250M private placement at $5.50/share (45.45M new shares issued — highly dilutive). Hunterbrook Media publishes short report claiming Sable near cash insolvency with only single-digit millions left at announcement.\n- October-November 2025: California state/local litigation escalates. Stock hits all-time low of $3.72.\n- May 2025: Oil production restarts at SYU platforms (but no pipeline = no revenue).\n- May 2025: 10M share offering at $29.50/share (~$295M raised).\n\nLegal risks remain active:\n- California AG Rob Bonta has vowed to fight in the Ninth Circuit Court of Appeals\n- California has a separate lawsuit in Santa Barbara County Superior Court alleging trespass on state parkland\n- Sable filed its own lawsuit against California Department of Parks and Recreation\n\n---\n\n## 7. Insider Activity\n\nLast 6 months summary:\n- Insider purchases: 982,645 shares (1 transaction — Pilgrim Global buying in Oct 2025 at $14.74-15.44)\n- Insider sales: 478,156 shares (3 transactions)\n- Net insider buying: +504,489 shares\n\nNotable transactions:\n- Pilgrim Global ICAV (>10% beneficial owner) bought 982,645 shares at $14.74-15.44 in October 2025 — this is an open-market purchase, a bullish signal\n- Earlier: COO Doss Bourgeois sold 200,000 shares at ~$13.29-13.72 (May 2024) — bearish\n- CEO James Flores bought 100,000 shares at $13.74 (May 2024) — bullish\n- April 2025: Stock awards granted to directors/officers (non-cash, standard compensation)\n- Pilgrim Global previously sold 167,175 shares at $31.69 (Jul 2025) and 143,806 shares at $20.16 (Apr 2025) — took profits near highs\n\nAssessment: Pilgrim Global (the largest shareholder at 12.4%) is a sophisticated energy-focused fund that has both bought and sold. Their Oct 2025 purchase near lows is more meaningful than their sells near highs. CEO bought at $13.74 — he is currently underwater (~$16.28 vs $13.74, so slightly positive). COO sold earlier — mixed picture overall.\n\n---\n\n## 8. Analyst Price Targets and Ratings\n\n| Firm | Rating | Price Target | Last Action |\n|---|---|---|---|\n| Benchmark | Hold | N/A | Downgraded from Buy on Mar 5, 2026 |\n| Roth Capital | Buy | $22.00 | Maintained Nov 2025 |\n| Jefferies | Buy | $20.00 | Lowered from $38 in Nov 2025 |\n| BWS Financial | Sell | $6.00 | Maintained |\n\nConsensus: 4 Buy / 1 Hold / 1 Sell (per yfinance). Analyst mean target: $26.00. Range: $23-$29.\n\nCritical note on Benchmark downgrade: On March 5, 2026 — just before the DPA announcement on March 13 — Benchmark downgraded SOC from Buy to Hold. This is notable because a firm that had covered the name as a Buy downgraded it right before the major catalyst, suggesting concern about execution risk, not bullishness on the outcome.\n\nAnother note: StockAnalysis.com shows consensus average target of $16.00 (different analyst universe/weighting). The $26.00 mean from yfinance reflects the bullish Buy-rated analysts' targets.\n\n---\n\n## 9. Six-Month Price History (Weekly Closes)\n\n| Week Ending | Close | Note |\n|---|---|---|\n| Sep 22, 2025 | $19.75 | |\n| Sep 29, 2025 | $19.09 | |\n| Oct 6, 2025 | $18.39 | |\n| Oct 13, 2025 | $11.81 | -36% drop (injunction news) |\n| Oct 20, 2025 | $13.36 | |\n| Oct 27, 2025 | $10.46 | |\n| Nov 3, 2025 | $5.34 | Collapse; near cash crisis |\n| Nov 10, 2025 | $4.19 | 52-week low zone; private placement at $5.50 |\n| Nov 17, 2025 | $4.47 | |\n| Nov 24, 2025 | $4.37 | |\n| Dec 1, 2025 | $5.64 | |\n| Dec 8, 2025 | $6.16 | |\n| Dec 15, 2025 | $7.78 | PHMSA permit received |\n| Dec 22, 2025 | $8.53 | |\n| Dec 29, 2025 | $11.73 | |\n| Jan 5, 2026 | $9.82 | |\n| Jan 12, 2026 | $11.62 | |\n| Jan 19, 2026 | $10.43 | |\n| Jan 26, 2026 | $9.68 | |\n| Feb 2, 2026 | $7.94 | ATM offering announced |\n| Feb 9, 2026 | $8.89 | |\n| Feb 16, 2026 | $8.95 | |\n| Feb 23, 2026 | $8.25 | |\n| Mar 2, 2026 | $14.37 | DPA news begins; +74% in one week |\n| Mar 9, 2026 | $16.83 | Pipeline restarts |\n| Mar 16, 2026 | $16.28 | (Current) |\n\n---\n\n## 10. Dilution Risk\n\nThis is a significant risk that the Reddit thesis largely omits.\n\n| Event | Date | Shares Issued | Price | Proceeds |\n|---|---|---|---|---|\n| IPO/SPAC | 2022 | 35.9M | various | N/A |\n| Offering | Q2 2025 | 10,000,000 | $29.50 | $295M |\n| Private placement | Q4 2025 | 45,454,546 | $5.50 | $250M |\n| Total FY2025 | 2025 | +55.4M net | avg ~$9.86 | $545M |\n| FY2024 total | 2024 | ~53.4M net | various | raised capital |\n\nShare count growth FY2024 to FY2025: +62.3% year-over-year.\n\nActive ATM program (filed Feb 2, 2026):\n- Capacity: $250 million\n- Agents: TD Securities + Jefferies (3% commission)\n- At current price ($16.28), this could issue ~15.4M additional shares (+10.4% dilution)\n- The ATM can be activated at any time, any price — company can sell into every rally\n- As of the FY2025 results (Feb 27), this ATM was just launched — it is likely NOT fully utilized yet\n\nAssessment per shr-025: This is an active ATM. The company is pre-revenue with ~3 months cash runway. They will almost certainly use this ATM aggressively once oil sales begin (and possibly even before). The ATM creates a structural ceiling on price appreciation — any rally invites company selling.\n\n---\n\n## 5. Oil Production Restart Catalyst — REDDIT CLAIM VERIFICATION\n\nReddit claims: Resuming oil pumping April 1, 2026\n\nVerdict: CONFIRMED, with important caveats.\n\nPer Sable's own press release (March 16, 2026):\n- Oil transportation through the Santa Ynez Pipeline System already resumed on March 14, 2026\n- Expected gross oil rate: 50,000 Bbls/d (Platforms Harmony + Heritage; Hondo comes online June 2026)\n- Expected first commercial sales: April 1, 2026\n\nThe reason for the delay between restart (March 14) and first sales (April 1) is pipeline fill time — crude must first travel through the pipeline system to onshore processing before it reaches market.\n\nLegal caveats: California's AG has filed in the Ninth Circuit. A separate state lawsuit targets Sable's pipeline route through Gaviota State Park (trespass claim). A court could theoretically issue an injunction. Federal DPA authority vs. state permitting is untested legal territory. The pipeline was already operating under injunctions/legal holds in 2025, and those fights continue.\n\n---\n\n## Middle East / Oil Price Claim\n\nReddit claims: Oil prices going up from Middle East conflict\n\nThis is a macro opinion, not a company-specific claim. Current oil price context: WTI crude is around $65-68/barrel in late March 2026. SOC's economics depend heavily on California crude prices (which track Brent/WTI with local differentials). At 50,000 Bbls/d, assuming ~$65/bbl and ~60% operating margin after costs, that's roughly ~$700M annualized revenue potential — which would support the forward EPS estimate of $2.17. The claim that Middle East conflict will push oil prices higher is speculative and not verifiable here.\n\n---\n\n## Summary: Claim-by-Claim Verdict\n\n| Reddit Claim | Verdict | Actual Data |\n|---|---|---|\n| 46% short interest of float | CLOSE, slightly overstated | 43.6% verified (32.5M shares / 74.5M float) |\n| 8 days to cover | OVERSTATED | 6.21 days per yfinance |\n| 110% institutional ownership | UNDERSTATED (real is higher) | 113.5% of float; 96.5% of total shares |\n| Resuming oil pumping April 1 | CONFIRMED | Pipeline restart Mar 14; first sales target Apr 1 |\n| Oil prices rising from Middle East | UNVERIFIABLE MACRO OPINION | N/A |\n\n---\n\n## Key Facts Reddit Omits\n\n1. Zero revenue for 3+ years: SOC has never generated a single dollar of oil revenue. It is entirely a "when production resumes" thesis.\n\n2. Active ATM program is a structural price ceiling: The $250M ATM filed Feb 2, 2026 means the company can sell stock into every rally. At $16, that's ~15.4M more shares of potential dilution.\n\n3. Exxon loan matures ~July 2026: The $625M+ loan at 15% PIK interest matures 90 days after first sales. If first sales are April 1, the loan matures ~July 1. This creates enormous refinancing pressure within months.\n\n4. California legal battles are not over: The DPA order got production restarted, but California's AG is appealing in the Ninth Circuit. An injunction could shut the pipeline again.\n\n5. Cash runway is roughly 3 months without revenue: At $87.9M/quarter operating burn and $97.7M cash (Dec 31), the company desperately needs oil sales to start and stay running.\n\n6. 62% dilution in FY2025 alone: The private placement at $5.50 (Nov 2025) was massively dilutive — those investors are sitting on +196% gains already, and many may sell.\n\n7. Float is only 50.6% of outstanding: The other 49.4% is locked up (insiders, the private placement lockups, etc.). As lockups expire, float expands and dilution risk rises.\n\n8. Benchmark just downgraded on March 5, 2026, right before the catalyst played out.\n\n---\n\nSources:\n- Sable Offshore - Oil Flow Resumes (DPA Order)\n- Noozhawk - Sable Restarts Oil Production\n- Stocktitan - SOC Files 8-K DPA Restart\n- DOE - Secretary Wright Directs Sable\n- California Energy Transition - Legal Challenges\n- Bloomberg Law - California Pipeline Suit\n- Stocktitan - $250M ATM Launch 8-K\n- Hunterbrook - Sable Cash Runway Short Report\n- Fintel - SOC Short Interest Tracker\n- StockAnalysis - SOC Overview\n- Sable FY2025 Results (BusinessWire)\n- FinancialContent - Federal Coup Analysis"}],"stop_reason":"end_turn","stop_sequence":null,"usage":{"input_tokens":1,"cache_creation_input_tokens":2465,"cache_read_input_tokens":52561,"output_tokens":5701,"server_tool_use":{"web_search_requests":0,"web_fetch_requests":0},"service_tier":"standard","cache_creation":{"ephemeral_1h_input_tokens":0,"ephemeral_5m_input_tokens":2465},"inference_geo":"","iterations":[],"speed":"standard"}},"requestId":"req_011CZG71BMtu31X4o6bdqzV2","type":"assistant","uuid":"1cc4f11f-7bcd-45c9-a2ec-6f7181bd6f62","timestamp":"2026-03-21T10:58:03.823Z","userType":"external","entrypoint":"cli","cwd":"/home/pengacau/pasar-malam","sessionId":"e7f6f45c-d752-4b64-8bd4-b8aee8ade5d6","version":"2.1.80","gitBranch":"main","slug":"swirling-enchanting-snail"}