Top Canadian Stock #3

The Canadian oil sands are the biggest source of economically viable oil in the world after Saudi Arabia. And they have enough oil to keep cars on the road for over 100 years.

In the oil sands of Western Canada, EnCana Corp. (ECA) is a pioneer in a method for extracting oil that wasn't considered commercially viable when oil prices were lower.

It's called steam assisted gravity drainage (SAGD). You drill two wells horizontally, one over the other. You pump steam into the first one, it heats the oil, and next thing you know, it's flowing right into the second well where you can pump it out of the ground. EnCana's been developing this technology since 1996.

EnCana is also the largest natural gas producer in North America. In 2008 alone, produced 1.4 trillion cubic feet of natural gas — enough to heat nearly 11 million homes for a year.

The commodity boom that's transforming Canada right now begins with oil but is also spreading like wildfire to timber, grain, gold, silver, uranium, lead, zinc, copper, platinum and gold. That's why you need to get up to speed on this opportunity quickly. Richard Young's new research report, Canada: The New America, gives you chapter-and-verse on five more picks with the "Canada Advantage." Get your FREE copy here.