"I think the biggest issue is the commercial underpinning of our assets…and the fact that we've got a low-cost structure allows us to really gain in this kind of environment. In fact, in the environment we are in today, we are extremely well positioned," Monaco said.
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The CEO believes that even though Enbridge is less exposed to the price of oil, the reaction to his stock is simply because there has been mass selling on the market that has been indiscriminate.
"Our point of view is this: regardless of all that, over the next five years, there is a very high degree of predictability that our cash flows are going to grow. And that is simply because of the business model and the resiliency to these issues that are out there. And frankly, that's how we built the business model," Monaco said.