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Leading all the gainers was BHP Billiton, up 4.8% at £17.36 $35.100), on news that it would soon announce a discovery of the world's largest gold resources at its Olympic Dam mine in South Australia.
For another billion or so, BP could acquire Resolute Energy NYSEE: REN), which was BHP's partner on a chunk of acreage in the Permian.
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Other miners among the 10 worst shares were BHP Billiton, Antofagasta and Rio Tinto.
Potash would be BHP's biggest takeover since it bought WMC Resources, of Australia, in 2005, adding to its copper business and expanding into uranium.
As it is, BHP Billiton, a British-Australian company, announced half-yearly profits of US$10.5 billion in February, up 72% on a year earlier, and profits for the whole of this year are expected to be US$23 billion.
The best examples of this are BHP Billiton and Rio Tinto which are both dual-listed companies involving a British public limited company and an Australian public limited company.
Profits are 9 times what they were in 2003, and so is BHP's market cap.
One firm that will attest to this value is BHP Billiton.
According to industry watchers, the lead suitor will probably be BHP Billiton, the Melbourne, Australia-based metals and energy company.
Two I like are BHP Billiton (63, BHP), which trades at 11 times trailing results and yields 3%, and Freeport-McMoran (80, FCX), with a P/E of 9 and a yield of 2%.
"This capability complements Occidental's enhanced oil recovery business and provides further synergies by enabling large-scale CO2 utilisation and sequestration". One of the other investors in Carbon Engineering is BHP, best known for its coal mining interests.
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