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Sable Offshore hits record low as refinery outage stalls crude sales

By Reuters News

** Shares of oil and gas producer Sable Offshore SOC.N plunge 73.47% to a record low of 51 cents

** SOC says it is looking at options to resolve near-term working capital constraints caused by the downstream purchaser disruption

** Says it is evaluating selling crude oil currently held in inventory via a bulk sale agreement

** Adds that crude oil sales halted by sole downstream crude purchaser in early October due to maintenance and upgrades to storage tanks at its refinery

** Co's net loss widened to $269.3 million, compared with $110.4 million a year ago

** Including session's move, stock down around 94% YTD

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