Davin Research
Dividend investing

Computer Modelling Group: When There Is A Gold Rush, Sell Shovels

Computer Modelling Group (OTC:CMDXF) is a Canadian software company headquartered in Calgary, Canada with sales and tech support at that location and in Houston, London, Caracas, Dubai, and Bogota. Their market is the oil and gas industry and they are the market leader in software for reservoir simulation, especially for difficult or unconventional recovery techniques such as with tight oil or shale gas. This company is a play on the increasing complexity of hydrocarbon recovery as traditional reserves become scarcer.

Over the past ten years, Computer Modelling Group (we will abbreviate as CMG in this article) has been extremely good to shareholders; to be long Apple (NASDAQ:AAPL) over the past ten years is to have a...

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