This week, I'm seeking a second robust dividend energy sector representative for my new Ivy portfolio. 

That energy sector includes six industries all related to bringing oil and gas to market. They are: drilling, exploration, and production (E&P), equipment and services, integrated, midstream, refining & marketing.  (Yes, six oily and gassy enterprises.)

Today I'm reviewing a large-cap oil & gas midstream company, named Cheniere Energy Partners LP Its trading ticker symbol is CQP.

Cheniere Energy Partners LP engages in the liquified natural gas export business. The firm operates through its Sabine Pass liquefaction/terminal/pipeline facilities in Louisiana.

The company's regasification facilities include infrastructure of five LNG storage tanks with capacity of approximately 17 billion cubic feet equivalent; two marine berths that accommodate vessels of up to 266,000 cubic meters; and vaporizers with regasification capacity of approximately 4 billion cubic feet per day. 

It also owns the Creole Trail Pipeline, a 94-mile pipeline interconnecting the Sabine Pass LNG terminal with various interstate pipelines. 

Cheniere Energy Partners GP, LLC serves as the general partner of the company. 

Cheniere Energy Partners, L.P. was founded in 2006 and is based in Houston, Texas.

I use three key data points to gauge the value of any dividend equity or fund like Cheniere Energy Partners LP  (CQP): 

(1) Price

(2) Dividends

(3) Returns

Besides those three, four more keys will finally unlock an equity or fund in which to invest.

But those first three primary keys, best tell whether a company has made, is making, and will make money. 

CQP Price

Cheniere's price per share was $36.84 at yesterday's market close. A year ago its price was $28.39 for a price gain of $8.45 per share for the year or a 29.76% upside. 

Assuming Cheniere's price will trade in the range of $25 to $40 next year, Cheniere's recent $36.84 price could maybe climb by $2.00 and improve to $38.84 by early-December, 2019. 

CQP Dividends

Cheniere's most recent quarterly dividend was $0.56 declared October 27th and paid out, November 14th. 

That $0.56 quarterly stipend equates to an annual amount of $2.24 yielding 6% at yesterday's closing $36.84 price.

Gains For CQP?

Adding the $2.24 annual dividend to my estimated $2.00 annual price upside estimate for Cheniere Energy Partners, L.P. (CQP) adds up to a $4.24 potential gross annual per share gain, which will be reduced by costs to trade the shares.  

For a little under $1,000.00 invested today at the $31.98 recent price, we could buy 27 CQP shares. 

A $10 broker fee paid half at purchase and half at sale costs us $0.37 per share.

Subtract that $0.37 brokerage cost from the estimated $4.24 gross annual gain leaves a net gain of $3.87X 27 shares 

= $104.49

for a 10.5% net gain on a $994.68 investment.

Therefore, Cheniere Energy Partners, LP, whose trading ticker symbol is CQP, now shows a possible 10.5% net gain including a 6% dividend yield. 

Sixteen brokers cover this stock:

Four say "buy" CQP shares.

Three expect CQP shares to "outperform" its peers

Eight say "hold" your CQP shares

One expects CQP shares to "underperform" its peers

The median price consensus among those sixteen brokers is a 39.00 target, exactly $0.16 under my $38.84 estimate.

Therefore, you can look at Cheniere Energy Partners, L.P. and see it has made money, is making money, but could net a 10% to 10.5% net annual gain including that  6% dividend yield. It could be more, it could be less. 

The above speculation is based on past year performance. The actual results remain to be seen to determine if Cheniere Energy Partners, L.P. is worth your time and money.