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Updated from 7:06 a.m. EDT

It is never easy to find a stock that has 200% to 300% upside and also offers investors limited downside risk.

But with some luck and lots of research, we think we've found one.

The stock is

ATP Oil & Gas

( ATPG), an independent oil and gas company with its principal assets based in the Gulf of Mexico and the North Sea. At $22.67, ATP is sitting near its 52-week low of $18.02, down a whopping 60% from its all-time high of $58 per share reached back on Nov. 1, 2007.

To read more and find out why we this ATP could double or triple, please click here.

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