The oil industry is no stranger to boom and bust cycles.
Crude has bounced back substantially since bottoming at $26.21 a barrel earlier this year. But with the commodity now hovering in bear market territory it seems oil's run may be over.
But that's not stopping one analyst from staying overweight big oil.
Doug Terreson -- Evercore ISI analyst and the street's top ranked integrated oil analyst -- joined the "Halftime Report" to explain why he thinks investors shouldn't shy away from the sector.