MARKET TALK: BP Soars As Oil Stops Leaking

16th Jul 2010 08:15

0715 GMT [Dow Jones] BP (BP) shares +5.5% at 423.75p after the company said it has managed to seal off its Gulf of Mexico leak for the first time since April and amid talk that Apache Corp (APA) is interested in BP's Alaskan business. A trader sees the shares going to 500p, with the stock as a "cash cow" going forward. Highlights the company's earnings release on July 27, saying this will be a great opportunity for the company to talk to its shareholders. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 16, 2010 03:15 ET (07:15 GMT)