Looks like all technical support is gone for this stock now and the sellers are just all over it. I don't think there is any way to pull this dog out of it's pen. No one trusts this stock and no one should. Management has a long running track record of horrible performance and the company has underperformed it's peers for years running now.
The board must be replaced and a major overhaul of the top ranks would do some good. All bonuses should be suspended and those who don't like it should be shown the door. No one should be compensated for failure.
Convenient, nothing more. It was a good time to get in on the short side. The trade is long COP or long XOM, short BP. Look at the canyon between these stocks. BP is going absolutely nowhere. This is what happens when management drops the ball. Once you get the funds lined up against your stock the party is over. Can't go up without buy ins from the funds and this stock has none.