Enbridge (NYSE: ENB) is an $85 billion midstream giant with a business that spans across North America. Its dividend yield is 6.7%, which is multiples of the 1.2% yield you'd collect from the S&P 500 index and the 3.1% on offer from the average energy stock, using Energy Select Sector SPDR ETF (NYSEMKT: XLE) as an industry proxy.

The only problem is that Enbridge's shares have rallied strongly over the past six months. Is this high-yield stock still worth buying?

From a very basic perspective, Enbridge is built from the ground up to be boring. The core of its business (around 75% of EBITDA, or earnings before interest, taxes, depreciation, and amortization) comprises oil and natural gas energy infrastructure, such as pipelines.

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Source Fool.com