Long SOC thesis relies on dual catalysts: oil price spike providing downside protection/hedge, and upcoming second offshore platform opening driving 20-30% upside.

And I got this. I love being long SOC, guys. I just it makes me feel all warm and tingly inside. I mean, I'm so happy to be long SOC. I know it hasn't worked. Look at the daily chart.

Like, Ben, what are you talking about, but um this >> I keep saying, Ben, what are you talking about? >> I know this is an oil drilling uh company, offshore drilling company, offshore California.

>> Oh, yeah. You know, uh you got two ways to win here. I feel like I have two ways to win. If oil spikes up again, that should help SOC. And the other way to win, even if oil doesn't spike up, even if it spikes down, even if it goes all the way to the 50 DMA, I would say dare say even if it goes below the 50 DMA, what you have with SOC is a major catalyst coming any day where they're going to be opening a second offshore drilling platform.

It's due to open in September. It's now September 23rd. All right. So, we're looking at a potentially a big press release coming out from SOC um this month. And I did the whole work up on this.

I did the cap structure analysis and the fundamental valuation analysis and everything. And um I would say right now fair value is probably like in the five it should be up here somewhere between 550 and and this gap here is where the stock should be trading right now.

And then if they open the second platform the fair value could go like as high as $9. Now because it's undervalued we have a sentiment discount here. So, I'm not expecting the stock to trade all the way to the 200 DMA when they open the second platform, but I do think it can get into this gap, right?

So, 540 to 690 could be in play when they announced the second platform opening and that could happen today, could happen tomorrow, could happen by the end of this month. Now, they have missed the deadline once before their own deadline.

All right. Uh, latest guidance only from a month ago was it would be September. So, that's, you know, pretty close in, you know, I think there's a fair chance they'll hit that and if it's delayed maybe by a week or so.

So I think you're going to see that second oil platform opening and you get like a 20 30%. That's why I like this because I feel like at the same time that it's a hedge right kind of long oil.

I got this hedge at the same time I have optionality upside with a catalyst that can send the stock soaring 20 30% in a day. So yeah, I just love being long so

>> dude. I think I'm going to get more SOC here. Um, let me see if I can Let me see. >> I just bought more of these. I just bought more. Dude, I I love this risk. Um, I'm very happy.

Let me Let me tell you what I have here. I now have a 4% allocation in SOC calls. Once in a blue moon I go that high. I usually when I do calls I'm like one two% max. Now once in a while I go four 5%.

But these are January so I feel okay and they're in the money. So I got January $4 calls. Um I just bought more for $120. Check these out. January 15th and I have some my Weeble account too.

You can tell. But uh the Weeble I have six. So, or so the $4 calls here right here, as you can see it, I just bought 50 more at a $120. Um, the other ones I bought before I bought a $125.

So, a little bit of an average down here. So, break even at $520. I love that because that gives me um >> little leverage. >> That gives me September, October, November. Is that four months?

September to October. Four. That gives me four months. All right. for uh them to open this platform which is supposed to open this month and again and as long as oil prices don't collapse and that platform opens then I expect the stock to be trading at at least 544 and my break even on those calls right now are 520 on the ones I just bought.

So I love this riskreward. I just bought more of it with looking at what the heck is happening with USO over here.

>> Yeah. picked up. I'm in the $5 for January. I think it is that we picked up. >> I think in me my riskier Weeble account. I'm in the $6 actually.

>> In my bigger account, I went in the money at $4. So that's SOC.

>> That's it, man. That's like kind of all that's on my mind here is long meta, short IWM as a hedge. Got the SOC hedge with some upside optionality on a catalyst.