Oil & Gas is probably a challenged industry going forward.

Even the largest companies (Exxon, Shell, Chevron) exist as price takers since they produce a commodity. Pricing isn’t even truly set by the market -Cartel pricing and Saudi Aramco having a structural cost advantage

Over majors (Exxon, shell, cheveron) means the investable companies lack control of their own destiny.

Contrast to microsft, Amazon, google, Facebook. The former two run a platform, extracting “rent” on a large productive ecosystem of cloud, enterprise or e-commerce.

The latter two exist in the world of bits, and are monopolies in search or social in all but name.

Sure energy companies are “cheaper” but they are prob in secular decline, assaulted by alternative energy, environmental concerns, and an increasing

Cost structure (more regulation, all the easier to extract oil is gone etc),

I think Netflix, Microsoft, google, Amazon and Facebook (while all very huge companies) still have a lot of runway in their respected trends. Netflix and YouTube (google) ride the cord cutting trend.

Google and Facebook ride the digitization of advertising Trend, Amazon and microsft RE enterprise going to the cloud.

I think people have a hard time valuing high growth due to its exponential nature...

I think the obvious take might work here

-Are we going to get more entertainment from YouTube and Netflix /over the top providers in 10 years?

-is more enterprise budget spend going into the cloud in 10 years?

-are we going to buy more things online/pay digitally in 10 years

-are there going to be more girls on onlyfans in 10 years?

Jk on the last one

It’s just going to be a million different @ProjektMelody s of every imaginable variant and body type