CNBC's "Fast Money" Oil The New Gold?… And Microsoft Pushes Back On AI Growth Report 12/3/25
Dec 3, 2025
Peter Buchmar, Chief Investment Officer at One Point BFG Wealth Partners, champions oil as potentially more valuable than gold, citing bullish fundamentals and underownership in energy. He emphasizes the need for a sector rotation and discusses geopolitical influences on oil pricing. Brent Thill, a Jefferies analyst, counters a report on Microsoft’s AI sales growth, asserting strong demand and long-term prospects for the tech giant amidst a volatile AI landscape.
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Cheap Energy Stocks Look Attractive
- Energy stocks look compelling due to low valuations, stronger balance sheets, and disciplined capital allocation.
- Traders see crude sideways but expect stock upside even if oil remains around $60 per barrel.
U.S. Shale Might Be Topping Out
- U.S. shale production shows signs of rolling over, which could tighten global supply.
- Peter Buchmar highlights gold-to-oil ratio at record highs as evidence oil is cheap per barrel.
Keep Both Gold And Energy Exposures
- Hold both energy and precious metals rather than switching entirely from gold to oil.
- Consider energy exposure via ETFs like XLE for diversified upside into 2026.