Frustrating stock. Company missteps, fear of strikes. Travel demand still very high, and that will continue even if consumer pulls back. Stock's already been dealt the majority of pain. Valuation is quite good, sees significant upside even if it goes sideways for a while. No dividend.
A couple of quarters of strong earnings will take care of the stock, and ratification of pilots' deal will also be a catalyst.
In general, he doesn't like split shares or different structures. Usually these "splits" are made up of common and preferred shares, and he's not a fan of preferreds. If he wants income, he'll just own stocks that pay dividends or buy an income product.
Keep it simple. If you like ENB, then buy ENB.