ConocoPhillips (COP) Jumps on Selling to Cenovus

ConocoPhillips (NYSE: COP) rose 8.8% to $49.99 after Cenovus Energy agreed to acquire ConocoPhillips 50% interest in FCCL partnership for $17.7 billion. UBS upgraded ConocoPhillips from neutral to buy. Share volume was 13.8 million, compared to an all-day average of 6.9 million