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Play an oil rebound with a bank stock?

Workers connect drill bits and drill collars, used to extract natural petroleum, on Endeavor Energy Resources LP's Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas.
Brittany Sowacke | Bloomberg | Getty Images
Workers connect drill bits and drill collars, used to extract natural petroleum, on Endeavor Energy Resources LP's Big Dog Drilling Rig 22 in the Permian basin outside of Midland, Texas.

As oil continues to trade sideways near six-year lows, Halftime Report trader Joe Terranova bought Texas Capital BancShares Thursday morning, calling it "the best way to play oil without actually having to buy oil."