Maybe buying Greenland isn’t such a bad idea.

For those just joining our parallel universe: Sometime in September, the president of the United States, the media, etc., went bananas over weather maps, Sharpies and Hurricane Dorian. That diverted the country’s earlier focus on President Donald Trump’s overtures to buy Greenland.

Alas, the deal was not to be.

On Aug. 20, Trump tweeted that he was canceling a trip to Denmark because “nasty” Prime Minister Mette Frederiksen said she “would have no interest in discussing the purchase of Greenland.”

On Aug. 21, the day after Trump’s first known rebuff to anything Danish-related, Cowen Equity Research produced statistics that show just how unkind the market has been to U.S. upstream M&A.

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