Computer Modelling Group Ltd.

Company Overview:

Computer Modelling Group Ltd (TSX: CMG) is a Canada-based provider of reservoir simulation software for the oil and gas industry. Its capabilities include integrated analysis and optimization, black oil and unconventional simulation, reservoir and production system modelling, post-processor visualization, compositional simulation, thermal processes simulation, and fluid property characterization.

As per the previous Report published on “CMG” as on 27^th May 2024, Kalkine provided an “Attractive stance on the stock at CAD 12.41 based on the ‘Earnings Hunter Score’, and the stock price has reached near its resistance level.

Noted below are the details of support and resistance levels provided in the previous report:

CMG Daily Chart

CMG, Daily Technical Price Chart, Source: REFINITIV; Analysis: Kalkine Group

Considering current trading levels and risks associated and uncertain macro environment, the stock seems ‘Unattractive’ at the closing market price of CAD 13.75 (as of 03^rd July 2024)

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate.

Computer Modelling Group Ltd (TSX: CMG) is a part of Kalkine’s Earnings Hunter Report

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level as on 27^th May  2024. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the Toronto Stock Exchange (TSX) and or REFINITIV. Typically, both sources (TSX and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’