UPDATE: 12th July 2010
BP is reported as making good progress on a re-designed top hat that may seal the leak completely.
We had previously published guidance that the fair value would be 338p with a Buy at 307p, a level that proved pretty accurate.
Last week saw increasing speculation that the top-hat would be in place very soon, together with bid speculation and rumours that the sale of middle Eastern assets would be used to fund the clean-up.
So what would BP be worth if the oil spill were to be killed soon?...
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