Highlights

• The S&P/TSX Capped Energy Index rose by 0.018 per cent on Friday, October 29.
• All the stocks mentioned here come under the top actively traded stocks and are also the top energy stocks.
• A stock among them expanded by more than 236 per cent in the last 12 months.

The S&P/ TSX Capped Energy Index rose by 4.591 per cent on Thursday, October 28. It marked a quarter-to-date (QTD) gain of 12.66 per cent and year-to-date (YTD) growth of 79 per cent.

Further, on Friday, October 29, it increased by 0.018 per cent and reached 162.91 at market close.

The Canadian energy sector has some well-known players like Suncor Energy Inc, Cenovus Energy Corp and Enbridge Inc, which have delivered blockbuster returns over the year. With the increase in crude oil prices and the winter season kicking in, these stocks may perform well considering their market shares and past performances.

Also read: 3 Canadian growth stocks to buy in November

On that note, let us explore some top TSX-listed energy stocks with industry-leading performances.

 Image source:© 2021 Kalkine Media Inc 

Suncor Energy Inc (TSX:SU)

Suncor Energy Inc is among the top actively traded companies on the Toronto Stock Exchange (TSX), with a 10-day average trade volume of 8.4 million. It is also counted among one of the top energy firms in Canada, holding a market capitalization of C$ 48.27 billion.

On Friday, October 29, the energy stock clocked its one-year high of C$ 32.99 during the trading session. At market close, it settled at C$ 32.55 apiece, up by 1.719 per cent from the previous close.

This price surge came after the company announced positive third-quarter results. Its funds from operations (FFO) stood at C$ 2.641 billion in this quarter, up from C$ 1.166 billion in the same quarter a year ago. This phenomenal growth in FFO was backed by solid results from the refining and marketing business and oil sand base operations.

Its stock soared by roughly 116 per cent in the last 12 months, and its year-to-date (YTD) return was up by more than 52 per cent. It grew by nearly 51 per cent in the past nine months and gained nearly 23 per cent in the previous month.

Cenovus Energy Corp (TSX:CVE)

The integrated oil producer Cenovus Energy Corp noted its stock wrapping trade at C$ 14.80 apiece, up by 1.37 per cent on October 29. However, it had dropped by almost one per cent from the 52-week high of C$ 14.91 achieved on October 25.

Image source:© 2021 Kalkine Media Inc 

The CVE stock has performed steadily throughout the year. It surged by more than 15 per cent in the past month and scaled up by more than 42 per cent in the previous three months. Furthermore, its six-month return was nearly 55 per cent, and in the past nine months, it gained approximately 96 per cent. 

While in the last 12 months, the stock price expanded by more than 236 per cent.

Cenovus Energy's stock is among the top five active stocks on the TMX site, with a 10-day average trading volume of 5.17 million as of October 29.

Enbridge Inc (TSX:ENB)

Enbridge Inc holds extensive midstream assets throughout the United States and Canada. According to the TMX site, Enbridge Inc is the sixth most traded company in Canada currently, with a 10-day average volume of 5.03 million (as of October 29).

The company saw its stock closing at C$ 51.84 apiece, down by 0.652 per cent on October 29. However, at this market close, it was down by roughly three per cent from the one-year high of C$ 53.23 reached on October 20.

The ENB stock mounted by more than 41 per cent on a year-over-year (YoY) basis and increased by more than nine per cent in the last six months. It grew by more than 27 per cent on a YTD basis.

Also read: Algonquin & 2 other TSX clean energy stocks to buy before November 

Bottom line

Amid rising crude oil and gas prices, investors are responding positively towards the energy sector. The stocks mentioned above are top picks that could deliver returns to investors. 

However, it is crucial to know about the company's business, financials, outlook and projects to evaluate the fundamental strength of the stocks before signing up on any trade.