CanElson, 50%+ profit potential

CanElson Drilling Inc. (CanElson) is engaged in the manufacture, acquisition, operation and sale of drilling rigs for the oil and gas industry. The Company operates in two segments: Oilfield services and rig construction and retrofit.

The stock has a PE ratio of 7.4 and yields almost 5% and is considered cheap by several firms that have rated it a buy. The stock looks even more attractive now on recent weakness.

Action	Analyst	Rating	Price	Date
Target	National Bank Financial		$7.50 « $6.60	05/09/12
Target	PI Financial	Buy	$7.00 « $6.75	05/09/12
Target	National Bank Financial		$6.60 « $7.00	04/16/12
Target	Paradigm Research		$7.25 « $6.75	03/13/12
Target	PI Financial	Buy	$7.00 « $6.00	03/13/12