Oil companies are publicly traded, I dont think they make as much money as you think, and are extremely cyclical. Pipeline companies tend to do a heck of a lot better, and are sheltered from oil price volatility, and even they are valued pretty cheaply. Alberta is lucky anybody invests in oil companies at all, given Bill 69, Kinder morgan and Transmountain pipeline being blocked by indigenous consulation laws, emissions caps, a new PM that literally wrote a book about how oil has to stay in the ground.