Zargon Energy - The Sky Is Falling, Said Chicken Little

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About: Zargon Oil & Gas Ltd. (ZARFD)
by: Kevin Hess
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Kevin Hess
Deep Value, value, oil & gas, gaming
Summary

While the market has certainly been ugly as a whole, Zargon's recent drop itself was unwarranted.

Investor panic seemed to center mainly on the dividend drop.

Wording in recent press release was slightly unclear about capital allocated toward ASP.

The old story of Chicken Little goes something like this - a dozing Chicken Little is struck on the head by a falling acorn, and rather than investigate what hit him, he looks up into