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Energy's Fundamentals Scream Value

Stock quotes in this article: LUFK , SLB  

This column was originally published on RealMoney on Oct. 21 at 3:56 p.m. EDT. It's being republished as a bonus for TheStreet.com readers.

Though oil and gas stocks are feeling the pinch of lower commodity prices, this week's earnings and outlooks for energy companies paint a very different picture.

Earlier this week, after Lufkin Industries(LUFK Quote) reported a solid quarter and gave a rosy outlook, its shares bucked the sloppy energy stock trend and worked higher. That provided some hope that earnings will matter this quarter.

On Friday, Schlumberger(SLB Quote) announced a solid quarter, but the stock was soft as traders focused on crude oil trading below $60 a barrel. ...

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