Suncor Energy (SU) Projects Higher Oil and Gas Production in 2026

Group 1 - Suncor Energy Inc. is recognized as one of the 12 best crude oil stocks to buy for dividends [1] - The company projects higher oil and gas production in 2026, estimating upstream production of 840,000 to 870,000 barrels per day, an increase from the 2025 estimate of 810,000 to 840,000 bpd [2][3] - Suncor plans to reduce its capital expenditure for 2026 to between C$5.6 billion and C$5.8 billion, down from C$6.1 billion to C$6.3 billion in 2025 [3] Group 2 - The company reaffirms its commitment to shareholders by returning 100% of excess funds, increasing monthly share buybacks by 10% to C$275 million, and projecting total buybacks of C$3.3 billion in 2026 [4] - Following the positive outlook, TD Securities raised its price target on Suncor from C$71 to C$73 while maintaining a 'Buy' rating [4]