[sgc]

That is true to some extent, but if a stock tanks the company's value goes down, and lenders will not give them the same access to capital they had previously [1]. So they can't grow at the same rate, and in extreme cases will fail. For oil and gas, this effectively means locking some of it in the ground for the time being, while society (hopefully) works to reduce the demand via development and deployment of alternative technologies.

[1] https://www.investopedia.com/investing/why-do-companies-care...

[mxschumacher]

The scenario you paint is purely hypothetical and far removed from reality. Markets are believed to be mostly efficient. If a business is highly profitable and conservatively leveraged, it will be able to attract capital (either equity or debt)

Finding a business where the fundamentals and the price converge is extremely profitable, it's what all investors, especially hedge funds, do. A large convergence is unlikely to exist in a market system.