0950 GMT [Dow Jones] BP's (BP.LN) asset sales to Apache (APA) are positive says Credit Suisse. "This transaction should remove concerns on BP's ability to finance its obligations." Apache will pay BP a cash deposit of $5B, notes CS. It estimates a total post-tax cost net to BP for Macondo of $44B over four years and after this move and based on existing funding lines of about $10B, CS thinks BP is able to fund up to $34B of costs and liabilities pretax. Excluding Macondo, CS estimates BP can generate $40B of free cashflow, fully covering $29B of post-tax Macondo costs and $10.5B of '11 dividends. Outperform rating, 515p target. Shares +3.8% at 402.2p. (andrea.tryphonides@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires July 21, 2010 05:50 ET (09:50 GMT)