For those with an interest in KAR's Brazilian partner, now is probably a good time to do some reading.
http://www.reuters.com/article/2015/02/25/us-brazil-petrobras-jpmorgan-idUSKBN0LT23H20150225
http://www.argusmedia.com/News/Article?id=992286
http://www.forbes.com/sites/kenrapo...-excited-about-petrobras-oil-finds-anymore/2/
My question is whether this presents an opportunity or hindrance to KAR...
On one hand, Petrobas may seek to offload some of its stake in the JV permits. However, I would consider other asset sales (producing assets) to be higher on the sales list.
Alternatively, does Petrobas have anything have that KAR may want in terms of additional assets...
Just a conversation starter for a Thursday morning.
Baron.
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