Thoughts on Energy Stocks vs. Spot Crude

Been watching the energy sector closely, and it seems many are quick to jump into energy producer stocks whenever crude ticks up. My take is that the correlation, while present, isn't always as strong or as immediate as some might expect, especially with how quickly sentiment can shift and affect these equities independent of the underlying commodity. It feels like a lot of traders are oversimplifying the play here, ignoring company-specific headwinds or broader market sentiment that can decouple stock performance from Brent or WTI. Am I missing something crucial in this dynamic?