Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Cheniere Energy Partners (AMEX: CQP) experienced heavy volatility in early Thursday trading on above-average volume.

So what: The natural gas transporter saw its stock fall 10% just a few minutes into the trading session, only to quickly recover nearly half of the loss. Before the opening bell, Cheniere announced that it had signed a memorandum of understanding (MOU) with EDF Trading for bidirectional processing capacity at its Sabine Pass LNG terminal.

Now what: I wouldn't read too much into today's volatility. Natural gas master limited partnerships like DCP Midstream Partners (NYSE: DPM), Energy Transfer Partners (NYSE: ETP), and Enterprise Products Partners (NYSE: EPD) are all down about 3% today on general market malaise. When you couple Cheniere's juicy dividend yield of 7% with the fact it has now entered MOUs for more than 6 million tons per annum of processing at Sabine Pass, long-term investors might want to take a closer look.

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Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Try any of our Foolish newsletter services free for 30 days.

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