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To: Redman who wrote (4919)12/12/1997 11:14:00 AM
From: John Carpenter  Read Replies (1) | Respond to of 95453
 
After reviewing Shell's capital expenditure plans for 1998, I
remain convinced that industry fundamentals remain intact.
I think it's reasonable to assume that security prices
ultimately reflect fundamentals(provided that they are not
fully valued) Since fundamentals are still intact and valuations
are more reasonable than they've been in a long time, a
bullish posture is justified.