Agree on falling knife. Many have tried picking the bottom and failing the last year.
Still like the risk reward side of it.. Just no idea when to jump in. I feel the market in general will have more risk in 2016 given techs and the world we live in. While energy isn't immune to that it is far less valued / over sold than the rest of the market leaving it with what I consider to be better reward potential.
Time will tell I guess... I'm in no hurry to jump in.. That's for sure