I’m not sure where the residual value will lie when BP is charged with cleaning up beaches from Trinidad to Aruba to Namibia and beyond, but the worst- case bottom I can project using the weekly chart is 18.39, a clear and important Hidden Pivot (A=77.69, B=33.70 and C=62.38).  That number looks like a lock-up to me.  Perhaps it represents a bid from one of the surviving majors?  Or maybe it’ll be a tender from Kevin Costner, armed by then with a low-cost technology for undoing all of the damage.  Hey, whatever happened to Costner’s Tom Swift contraption, anyway?