Energy investors wrote off Canada’s tar sands after oil prices plummeted 50% between 2014 and 2016. Even though the tar sands are loaded with a potential 300 billion barrels of oil, extracting the oil out of the sand is a costly, unprofitable process without higher oil prices.

Until now…

You see, one company operating in the tar sands has developed a radical new technology that’s slashing the cost of tar sands production. This revolutionary breakthrough is turning the tar sands into a hugely profitable opportunity for investors.

Wall Street analysts are even forecasting this tar sands could soar 70% higher this year. And that’s just the beginning.

We’ll show you that oil sands stock in just a second, but we want to show you the incredible profit potential the tar sands have right now…

The Tar Sands Are a Gold Mine for Investors

The Canadian oil sands are the third-largest oil reserve in the world, but the Canadian Energy Research Institute estimates that the breakeven cost for tar sands in 2017 is $60.52 a barrel. That means with WTI crude trading at $52.58 a barrel, producing oil from tar sands is not profitable for most companies.

The reason the breakeven price is so high there is the steam-assisted gravity drainage (SAGD) process needed to extract bitumen from the clay and sand. Oil companies have to not only drill for the oil, but they also have to separate the oil once it’s out of the ground.

That’s why in March, major oil companies like ConocoPhillips (NYSE: COP), Marathon Oil Corp. (NYSE: MRO), and Royal Dutch Shell Plc. (NYSE ADR: RDS-A) sold off a combined $33 billion of assets in the Alberta oil sands and moved into the highly competitive Permian Basin.

But while the Permian Basin is grabbing headlines as the next oil boom, the tar sands are turning into a major profit opportunity for savvy investors for two big reasons.