Here's a graph of Forest Oil Corp.'s stock price:
Bad, right? With about 119 million shares outstanding and a closing price yesterday of $0.3415, that's about a $40 million market cap, down more than 90 percent year to date. That's not a huge surprise, I suppose; Forest is an East Texas oil and gas producer that agreed in May to merge with Sabine Oil & Gas, another East Texas oil and gas company. Recent months have not been kind to independent oil and gas companies.