No, just start drafting and developing players properly and who knows, maybe you'd have the cheap depth that it takes to compete.
The Oilers during the past decade has been legendary in squandering high picks:
Since i started following the team in 2002: the list of first and second rounders. Highlighted are the NHL players.
2002:
1) Niinimaki
2) Deslaurier, Stoll, Greene
2003.
1) Pouliot
2) McDonald, Jacques
2004.
1)Dubnyk, Schremp
2) Tesluk, Paukovich
2005.
1) Cogliano
2) Chorney
2006.
2) Petry
2007.
1) Gagner, Plante, Nash
2008.
1) Eberle
2009.
1) Paajarvi
2) Lander
2010.
1) Hall
2) Pitlick, Marincin, Hamilton
2011.
1) RNH, Klefbom
2) Musil
2012.
1) Yakupov
2) Moroz
2013.
1) Nurse
2) Roy
2014.
1) Draisaitl
2015.
1) McDavid
2016.
1) Pulujaarvi
2) Benson
2017.
1) yamamoto
2018.
1) Bouchard
2) McLeod, Rodrigue
2019.
1) Broberg
2) Lavoie
Some picks were quite obvious and judgement is still out on many players and it looks like things may have been improving cerca 2014 (when they drafted Jones and Bear in later rounds), but that's a lot of bad picks in the top rounds. Imagine what this would have been if Yakupov and Puljujaarvi alone lived up to their hype.