diomrn Aug. 29 at 10:06 PM
I may be wrong... but I guess today's movement was due to recent extention of Baúna project offshore Brazil:
https://www.offshore-energy.biz/karoon-unveils-multimillion-dollar-investment-into-fpso-revitalization-campaign/
"the economic life of the Baúna project can be extended by approximately seven years, from 2032 to 2039, when the production concession expires."
[Dr Julian Fowles, Karoon’s CEO and Managing Director]
FPSO Cidade de Itajaí working at Baúna field is serviced by Vigdis Knutsen (built in 2017) which is on firm contract until end of 2030 with options until end of 2032: she's the longest firm contract in KNOP's fleet and the news suggest that the options will be excercised (and possibly extended).
KNOP's future keeps improving: very long and bullish (4th largest holding and 7% of my portfolio).
We'll see during next earning release, in less then one month...
MRN