MARKET TALK: BP Asset Sale Helps To Meet Disposal Target

1242 GMT [Dow Jones] BP's (BP.LN) asset sale to Apache Corp (APA) goes a long way towards meeting the $10Bln disposal target the company has highlighted as a way of meeting the costs related to the Macondo oil disaster, says Evolution Securities. Thinks BP got an excellent price for the assets. Also notes that BP has hinted Far East gas assets in Pakistan and Vietnam could be up for grabs. Has BP at buy with 580p price target. Shares are +3.3% at 400p. (andrea.tryphonides@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires July 21, 2010 08:42 ET (12:42 GMT)