MARKET TALK: BP May Pay Higher Price For Growth Opportunities

28th Jul 2010 10:20

0920 GMT [Dow Jones] BP (BP) may have to pay higher prices to secure growth assets in the future following the damage to its reputation from the Gulf of Mexico oil spill, says Barclays Capital. "We remain concerned that longer term BP will be paying premium prices to secure new growth hubs if it is no longer partner of choice in the Gulf of Mexico," it says. "We continue to see BP as a company with a disadvantaged business model," it adds. Gives underweight rating, 430p target. Shares -0.9% at 402p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 28, 2010 05:20 ET (09:20 GMT)