I think there has been some profit taking. FlightCrew is probably indicating that the sp will take off in coming weeks.
I agree that with production and spudding next week the sp should move north steadily. There is a lot of good sentiment with PPP and the JV with enormous upside with Hector.
They have a lot of work on Hector and that should only increase the chances of success. The brokers I spoke to during the week rate PPP very highly.
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