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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

Comment by Dazzle01on Mar 19, 2023 5:06pm
191 Views
Post# 35347845

RE:$10 Target from $6.88 today + Dividends

RE:$10 Target from $6.88 today + DividendsI find your comments to the point. CMG should see increased sales of both systems and system upgrades. The E&P focus is cash flow and bonuses will be awarded on cash flow growth the easiest way to increase cash flow is enhabcing existing reservoirs production which means understanding the reservoirs which plays to CMG's main product. Carbon capture will also bring additional sales as companies test reservoir intergrity.
The chart shows a possible $10 target but some success on sales to carbon capture projects will open up new targets. 
    
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