Computer Modelling Group Ltd T.CMG

Alternate Symbol(s): CMDXF

Technology Software - Application

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

Computer Modelling Group Ltd

Bullboard Posts

Comment by nic_jordanon Jul 09, 2005 1:48pm

332 Views

Post# 9260953

RE: why the new high

With the price of oil hitting new highs, CMG is probably seen as having very positive growth prospects. The 25% hike in the dividend reinforces this view. Furthermore, with a share price trading around 16 X earnings only, it still does not seem overvalued IMHO, even considering the latest runup... Cheers!

Nic