Suncor Energy Is Up 30% This Year. Is It Still Worth Buying?

Suncor Energy has surged 30% in 2026 driven by operational improvements under CEO Rich Kruger and favorable economic conditions. The Canadian energy producer achieved record upstream production of 875,000 barrels per day and hit three-year investor targets a year early. Despite the gains, the stock trades at a forward P/E of 9 (below sector average of 13) with a 3% dividend yield, making it attractive for income investors even with potential oil price volatility.