Hindsight is always 20/20. Yet you overlook the fact that access to capital markets for energy investments (last year Feb 2016) were directly affected by the extremely depressed commodity pricing environment that had been trending downward for well over a year at near decade lows. In 2015 the market theme was acquisitive growth that was promoted by a low interest environment. 2016 saw uncertainty in interest rates, commodity pricing stability, and political uncertainty. But to answer your question simply and without providing context with a timeline of consequential events, No that ain't it.
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