Suncor Energy Inc. (SU Quick QuoteSU - Free Report) announced that its operations, which were halted due to the massive Canadian wildfire, have resumed.

The leading integrated player in Canada has restored its activities at its base plant and the MacKay River sites in Alberta. The initial production at the facilities will likely be started by this weekend.

Almost 4,000 employees and contractors of the company have returned to the areas. In fact, an additional 3,500 people may return to the region to shore up operations. This announcement shows that the oil sands’ producers of Canada are gradually coming back to operations following the outage caused by the latest wildfire.

It is to be noted that construction work is rapidly underway at Fort Hills mine where full workforce will likely reach this week. Moreover, management said that the consortium of Syncrude oil sands mining has decided to restart operations although the timeline has not been given. In Syncrude, Suncor has a 53.74% stake while the world’s largest publicly traded oil company, Exxon Mobil Corporation (XOM Quick QuoteXOM - Free Report) holds a 25% interest.

Calgary, Alberta-based Suncor is Canada’s largest integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore crude oil and gas production, petroleum refining, and product marketing under the Petro-Canada brand.

Presently, Suncor carries a Zacks Rank #3 (Hold), implying that it will perform in line with the broader U.S. equity market over the next one to three months.

Some better-ranked players in the energy sector include McDermott International Inc. and Murphy USA Inc. (MUSA Quick QuoteMUSA - Free Report) . Both stocks sport a Zacks Rank #1 (Strong Buy).

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