Money via securities and debt offerings was so easy to get that Oklahoma-based SandRidge Energy raised $1 billion on May 28 and another $1.25 billion on June 10, even though SandRidge's financial distress was obvious. The company's stock price plunged from $12 in July 2011 to $1.40 in March 2015. It ended Wednesday trading at 31 cents. SandRidge's market cap shrank from $2.9 billion in December 2013 to $182 million Wednesday.