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Nope. As your own example shows, the reflection would be in the same horizontal position, and that's not the case in the anomaly photo. So I think your example shows why it's NOT a reflection.
originally posted by: Fallingdown
I agree with the 2nd investigator it’s a Fata Morgana ( superior mirage) . The boat appears to have some type of mast. Inverted it would look like what’s hanging down from the object .