KAR 0.00% $2.16 karoon energy ltd

Petrobas asset sales

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    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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