IEA lifts annual crude output forecast amid OPEC+ production hike
CALGARY - Computer Modelling Group Ltd. (TSX:CMG), currently trading near its 52-week low of $41.18, announced Thursday that shareholders elected all seven director nominees at its annual meeting, according to a company press release.
The elected board members include Alexander M. Davern, Kenneth M. Dedeluk, Anuroop Duggal, Pramod Jain, Peter H. Kinash, Andrew Pastor, and Birgit Troy. The voting results showed strong support for most candidates, with Birgit Troy receiving the highest approval rate at 99.87%.
Following the meeting, Andrew Pastor was appointed as the new Chair of the Board of Directors.
The company reported that all other resolutions presented to shareholders were also passed at the meeting.
Computer Modelling Group, headquartered in Calgary, develops software and provides consulting services for the energy industry, focusing on subsurface and surface challenges. The company operates offices across multiple countries including the United States, Norway, Germany, the United Kingdom, United Arab Emirates, Colombia, Brazil, India, and Malaysia.
The director nominations were outlined in the Management Information Circular dated July 25, 2025, which was amended on September 1, 2025. For deeper insights into CMG’s financial performance and additional ProTips, visit InvestingPro, where comprehensive analysis and valuation metrics are available.
In other recent news, Chipotle Mexican Grill has experienced several notable developments. The company reported a miss in same-store sales for the second quarter of 2025, leading Truist Securities to lower its price target for Chipotle from $64.00 to $60.00, although they maintained a Buy rating. Despite this, earnings per share were roughly in line with expectations. In a positive turn, Rothschild Redburn upgraded Chipotle’s stock from Neutral to Buy, citing a strong growth model, and maintained a price target of $55.00, which suggests a 28% upside potential. Similarly, Piper Sandler upgraded the stock to Overweight, adjusting the price target to $50.00 from $53.00, indicating a favorable risk-reward scenario. In leadership changes, Jamie McConnell, Chief Accounting and Administrative Officer, resigned to pursue new opportunities, with the company clarifying that the departure was not due to any disputes. These updates provide a mixed outlook for Chipotle, with some analysts seeing potential for growth despite recent challenges.
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