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Computer Modelling Group Ltd T.CMG

Alternate Symbol(s):  CMDXF

Computer Modelling Group Ltd. is a Canada-based global software and consulting company. The Company is engaged in the development and licensing of reservoir simulation and seismic interpretation software. The Company also provides professional services consisting of highly specialized support, consulting, training, and contract research activities. The Company operates through two segments: CMG and BHV. The CMG segment is engaged in the development and licensing of reservoir simulation software. The BHV segment is engaged in the development and licensing of seismic interpretation software. The Company has a diverse customer base of international oil companies in approximately 60 countries. The Company’s software includes CMOST, IMEX, GEM, STARS, CoFlow, Builder, Results and WinProp. The Company has sales and technical support services based in Calgary, Houston, London, Dubai, Bogota, and Kuala Lumpur.


TSX:CMG - Post by User

Post by mrkarpovon Jul 26, 2009 3:24pm
609 Views
Post# 16166948

CMG/BNN Commodities Clip :)

CMG/BNN Commodities Clip :)Thanks Bander - great find, very informative :)

For those who missed the original broadcast
you can use the link, as below, for access.

To save time, fast forward to the 5:12 mark where
Andrew Bell begins by offering on introduction to the
growing use of computer technology in the oil and gas
industries on-going efforts to improve cost-efficient
reservoir management and development.

The clip goes on for another 8 minutes and 26 seconds
(including a brief interview with CMG, President and CEO
Ken Dedeluk).

Noteworthy, from the clip:

1.) currently, such soft-wear engineering products only have
a 30-40% market penetration (lots of room for growth).

2.) major competitors in the space include Haliburton and Slumberger
(who have a reputation for gobbling up smaller companies!).

Who knows when CMG will receive a knock on the door?


https://watch.bnn.ca/#clip196719

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