Wasatch International Growth Fund Comments on Computer Modelling Group

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Oct 30, 2014

Computer Modelling Group (TSX:CMG) is the market leader in simulation software for complex or unconventional drilling. Over the long term, unconventional oil production will become an increasingly larger percentage of global production as the world’s conventional reservoirs are depleted. The company appears well-positioned to benefit from this trend. During the quarter, management reported weak numbers, and the company fell prey to weakness related to the overall capital-expenditures cycle in energy. (Current and future holdings are subject to risk.)

From Wasatch International Growth (Trades, Portfolio) Fund Q3 2014 Commentary.