I have a problem with the lawyers not objecting to the sale, and not getting an injunction. Possibly they didnt bother as they thought the judge would find pxd in contempt and stop the sale. It seem obvious to us all that this is the worst time to be putting these assets up for sale when NG and oil prices are at multiyear lows, and because of the litigation, it is doubtful that a legitamate offer will emerge. How can this sale now possibly be to the benefit of unitholders?
It would be nice if we could get some info from the attys on this. but i guess we will have to wait this out and hope that pXD and JPM are not in bankruptcy by the time this is all over.
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