Cat:

Some facts: 

Fact #1: Canadian bond yields bottomed in February 2016. The five -year Canada was at 0.40% then and the yield now has almost tripled, currently it is at 1.10% as of Jan. 09, 2017.

Fact #2: At the same time (February 2016), Enbridge common shares traded at $43.00 per share. Today these same shares trade for $57.50 on the Toronto Stock Exchange. Have a look.

Fact #3: While bond yields have risen significantly over the last 11 months, Enbridge common shares have risen in price by approximately 34%. Add in dividends and you'd be a bit north of 37% for total return.

Fact #4:  Since interest rates have bottomed and risen considerably, Enbridge common shares (symbol: ENB) have also risen considerably.  

No theories. No opinions. Simple, obvious facts available to anyone who cares to spend a few minutes of their time to take even a cursory look into what has really taken place and not what they think should have happened or hope will happen.   

SFI