Because EVERYONE in the O&G business now knows about the litigation there isn’t a fool to be found who will buy those assets knowing that the title is hopelessly clouded. Thus, any bids that are tendered will be super low, if at all. Pxd will try and use this to prove that the assets have no value. It’s a poor transparent strategy that will be easily overcome at trial.
"Don't worry about the world coming to an end today. It's already tomorrow in Australia"