Catou, aren't you a gold bug?  
And If I remember correctly, you don't buy these kind of stocks. REITS etc.
That said, the AFFO payout is 64% for 2017 and forecast is 62% in 2018.
There are head winds for this company for the next 2 years but they are one of the top 3 best operators in NA
My opinion only - this is a buy. I am long Enbridge.