A while back I looked at CQP, before the terminal was done and before there was any income. I was troubled by the (then) business model of paying high distributions against -0- income, year after year ... In other words, all income to shareholders was truly return of capital. At the time, this didn't seem like a good business model to me (ie., Bernie Madoff). I could pay myself a distribution from my own savings, and take out the middleman! Now that the terminal is operating, and it is making a profit, I would have to analyze it in depth. However, my non-retirement account is fully invested now so DD on new stocks is not on my list of to-do's.

From a fundamental viewpoint, I would weigh carefully the impact that the USA glut of NG (currently and for the foreseeable future) may have on LNG imports. I think your LINE will benefit from the glut because it means more volume to transport and more money from storage, but I frankly don't know what if any impact the glut will have on LNG imports. From what I have read, NG storage is maxed out, and in the recent CC, Enterprise/Duncan talked about the number of NG wells shut-in because there was too much supply vs. demand. With US NG at less than $6, can the cost to acquire, transport and offload, be competitive?

I would be interested to hear your conclusions from your DD.