Report says Phil Mickelson received inside information about offshore companies

Reports in financial publications hunter brook A private group that claims Phil Mickelson received inside information about an offshore oil company and distributed it to the company’s shareholders. Mickelson responded on Friday afternoon, calling the report “defamatory.”

on Friday, hunter brook published a report that included a series of private messages that Mickelson allegedly shared with a group of investors in Houston oil startup Sable Offshore. In the messages, Mickelson reportedly shared material, non-public information gleaned from interactions with Sable Offshore CEO Jim Flores, a decision that could have legal implications for Mickelson, the company’s CEO, or both.

This article highlights the latest actions by troubled oil company Sable Offshore. The company reportedly spent $988 million to wrest control of a troubled oil field off the coast of Santa Barbara, California, from Exxon Mobil and quickly attracted investors looking for a potential moonshot.

According to multiple reports, the Sable business was based on a calculated gamble from the beginning: If Flores could restart production from the Santa Ynez offshore oil infrastructure, which consists of three offshore platforms, a processing facility and a pipeline system that were shut down after an environmental disaster in 2015, the nearly $1 billion investment would look like a good investment.

But the company’s 20-month existence has been tougher than investors had hoped. Sable Offshore’s efforts to protect against future environmental disasters have hit a series of regulatory hurdles over the past year and a half. The company has so far failed to restart production at its oil infrastructure, causing Sable Offshore’s share price to fall by more than 50% in the past 12 months.

Mickelson’s involvement with the company is widely known. The LIV golf star has tweeted about Sable Offshore more than 100 times over the past 20 months, with many of the messages aimed at California lawmakers and regulators involved in keeping oil production shut down.

Mickelson’s own history of insider trading is well documented. In 2016, he paid more than $1 million to the Securities and Exchange Commission to settle charges that he traded on insider information gathered by legendary gambler Billy Walters.

this hunter brook Mickelson was not just a disgruntled investor, the report said, but he also disclosed the contents of an X group (formerly Twitter) that allegedly showed the six-time major champion sharing information obtained from Flores before it was made public.

Mickelson reportedly wrote to a group of Sable investors at This is one of the few examples of material information that is not public hunter brookreports.

this Hunter’s Manual The report also said that Mickelson was involved in a coordinated effort to win federal support for Sable’s offshore project, a “prayer” that could reverse stagnant oil production and rebound Sable’s depressed stock price. The phone call was allegedly leaked hunter brook The story revealed that Sable Offshore CEO Jim Flores was discussing a “West Coast matchup” between “some left-handed golfer” and current U.S. Commerce Secretary Howard Lutnick. (Lutnick countered that he had plans to play with Mickelson and said he had never heard of Sable Offshore.)

The legal implications, if any, of Mickelson’s involvement in the story are uncertain. U.S. insider trading laws provide that the transfer of material non-public information is not illegal per se as long as the information is not used for trading. On Friday afternoon, Mickelson responded to several tweets about the story, arguing that he did not trade based on the information he received and that his actions in the story did not “suggest impropriety.”

He also wrote on X hunter brookThe report said he “did not participate in the investor conference call you refer to.”

If Mickelson’s peer

“So one company said I can’t say anything to you, but we will announce something at the close,” Mickelson wrote on X. “I don’t know if this is a dilutive, stock-down, or stock-up trade. I’m going to have to wait and see what the information is, and I won’t be taking any trades, and given past history, I won’t even share the information until after the close.”

Mickelson also took issue with the accusations hunter brookIts unusual business model allows it to trade on information it discovers, as long as the information is not material non-public information. hunter brook The company disclosed on social media that it had not entered into any transactions based on the findings of the Sable Offshore story.

“This looks like stock manipulation on your part and is defamatory,” Mickelson wrote. “Are there any deals today?”

The report also suggested Sable Offshore would soon have to raise $200 million in dilutive equity, causing the share price to plummet on Friday afternoon. As of the close, Sable Offshore’s stock price was US$10.46 per share, down 18.47% from the opening of the day.