In the short run LINE overs an 8% current yield backed by a 1.2 coverage ratio per management guidance. This management team has a fairly good record at integrating asset acquisitions but not whole companies and integrating the cultures.
Management has taken the analysts on a bumpy guidance ride so I think there is more than average wait and see in the valuation.
While the futures for gas prices are still in contango the curve is a great deal flatter as spot prices came up. Nothing that an American economy allowed to grow by being free of Obama's childish passive aggressive political and regulations games would not correct.
Some very good industry analysts have the average price to supply American natural gas at $6.50 break even. Probably true. The current rig count even with all the efficiency gains in drilling is not enough to maintain the supply demand balance even in this horrendous Obama normal.
It certainly does help that Obama has on oil industry entrepreneurs focused on safety rather than risk taking. Well good for limiting the amount of associated gas production out of North Dakota.