External reports (aggregated public sources), Value Investors Club

Value Investors Club

External reports (aggregated public sources)

Equity Bottom-Up

<ul>
<li>Flame Acquisition Corp (FLME) is merging with Sable Offshore in a $1 billion deal to acquire and revive oil and gas assets in California</li>
<li>Strong investment demand seen with SPAC shares trading above cash value and $520 million raised in PIPE capital</li>
<li>Deal offers high-quality asset, access to infrastructure, attractive pricing, strong balance sheet, and capable management team, with a 30-50% discount to peers and limited downside risk pre-deal close</li>
</ul>
<p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.</em></p>


Flame Acquisition Corp (FLME) is merging with Sable Offshore in a $1 billion deal to acquire and revive oil and gas assets in California
Strong investment demand seen with SPAC shares trading above cash value and $520 million raised in PIPE capital
Deal offers high-quality asset, access to infrastructure, attractive pricing, strong balance sheet, and capable management team, with a 30-50% discount to peers and limited downside risk pre-deal close

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Flame Acqn Corp - Redh (FLME) - Thursday, Jan 18, 2024

United States

Sable Offshore Corp. operates as an oil and gas company. The Company focuses on developing the prolific Santa Ynez Unit in federal waters offshore. Sable Offshore Sable Offshore conducts its business in the United States.

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