With the market at elevated levels I've been erring on the side of caution recently and looking at infrastructure stocks, while not as exciting as some of the resources, can be just as rewarding. Previous 2 picks in this area were MND which I've sold and BOL which I still hold.
Take a look at RCR. Price has been declining for some time due to a long term contract which hasn't gone well but the company has lots of new work and is expanding around Oz.

P/E 11, sector P/E 15
P/B 2.25
P/S .65

Technically, this company looks very good indeed.
Not much debt and pays a dividend.