The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
EURONAV NV ANTWERPEN SHS B38564108 18,280 1,457,769 SH   SOLE   1,096,758 0 361,011
ALLERGAN PLC SHS G0177J108 2,772 14,500 SH   SOLE   11,400 0 3,100
GOLAR LNG LTD BERMUDA SHS G9456A100 9,980 701,851 SH   SOLE   701,851 0 0
TE CONNECTIVITY LTD REG SHS H84989104 3,832 39,980 SH   SOLE   26,095 0 13,885
NXP SEMICONDUCTORS N V COM N6596X109 4,197 32,981 SH   SOLE   20,681 0 12,300
GOLAR LNG PARTNERS LP COM UNIT LPI Y2745C102 31,997 3,619,619 SH   SOLE   2,734,450 0 885,169
HOEGH LNG PARTNERS LP COM UNIT LTD Y3262R100 272 17,400 SH   SOLE   17,400 0 0
TEEKAY TANKERS LTD CL A Y8565N300 5,820 242,793 SH   SOLE   242,793 0 0
AMC ENTMT HLDGS INC CL A COM 00165C104 1,736 239,779 SH   SOLE   239,779 0 0
AT&T INC COM 00206R102 19,137 489,700 SH   SOLE   282,972 0 206,728
ABBVIE INC COM 00287Y109 4,767 53,837 SH   SOLE   0 0 53,837
AMERICAN ELEC PWR CO INC COM 025537101 926 9,800 SH   SOLE   300 0 9,500
AMERICAN INTL GROUP INC COM NEW 026874784 2,142 41,725 SH   SOLE   22,400 0 19,325
ASTRAZENECA PLC SPONSORED ADR 046353108 404 8,100 SH   SOLE   0 0 8,100
ATLANTIC CAP BANCSHARES INC COM 048269203 1,182 64,400 SH   SOLE   64,400 0 0
BP PLC SPONSORED ADR 055622104 13,960 369,907 SH   SOLE   320,907 0 49,000
BANK AMER CORP COM 060505104 18,348 520,964 SH   SOLE   317,800 0 203,164
BLACK HILLS CORP COM 092113109 935 11,900 SH   SOLE   11,900 0 0
BRIGHTHOUSE FINL INC COM 10922N103 4,411 112,446 SH   SOLE   73,141 0 39,305
BRIGHTSPHERE INVT GROUP INC COM 10948W103 461 45,148 SH   SOLE   45,148 0 0
C & F FINL CORP COM 12466Q104 181 3,276 SH   SOLE   3,276 0 0
CNO FINL GROUP INC COM 12621E103 23,425 1,292,037 SH   SOLE   921,753 0 370,284
CSI COMPRESSCO LP COM UNIT 12637A103 1,548 569,074 SH   SOLE   569,074 0 0
CAPSTAR FINL HLDGS INC COM 14070T102 372 22,321 SH   SOLE   22,321 0 0
CARPENTER TECHNOLOGY CORP COM 144285103 19,536 392,447 SH   SOLE   286,855 0 105,592
CARTER BK & TR MARTINSVILLE COM 146102108 85 3,600 SH   SOLE   3,600 0 0
CATCHMARK TIMBER TR INC CL A 14912Y202 1,768 154,114 SH   SOLE   154,114 0 0
CHESAPEAKE ENERGY CORP COM 165167107 3,688 4,467,232 SH   SOLE   3,773,875 0 693,357
CITIGROUP INC COM NEW 172967424 21,357 267,325 SH   SOLE   161,770 0 105,555
COMTECH TELECOMMUNICATIONS C COM NEW 205826209 29,985 844,895 SH   SOLE   662,617 0 182,278
CONAGRA BRANDS INC COM 205887102 6,848 200,000 SH   SOLE   106,300 0 93,700
CONMED CORP COM 207410101 2,902 25,951 SH   SOLE   25,951 0 0
CONOCOPHILLIPS COM 20825C104 1,502 23,100 SH   SOLE   20,000 0 3,100
CONTINENTAL RESOURCES INC COM 212015101 10,643 310,300 SH   SOLE   216,700 0 93,600
DEVON ENERGY CORP NEW COM 25179M103 662 25,500 SH   SOLE   25,500 0 0
ENOVA INTL INC COM 29357K103 5,379 223,565 SH   SOLE   223,565 0 0
ENTERGY CORP NEW COM 29364G103 13,948 116,428 SH   SOLE   72,528 0 43,900
EVERGY INC COM 30034W106 6,994 107,452 SH   SOLE   74,552 0 32,900
EXELON CORP COM 30161N101 15,131 331,900 SH   SOLE   193,900 0 138,000
EZCORP INC CL A NON VTG 302301106 715 104,900 SH   SOLE   104,900 0 0
FEDEX CORP COM 31428X106 12,550 82,999 SH   SOLE   46,499 0 36,500
FIRST BANCORP N C COM 318910106 1,059 26,539 SH   SOLE   26,539 0 0
FIRST CTZNS BANCSHARES INC N CL A 31946M103 7,187 13,504 SH   SOLE   13,504 0 0
FIRST HORIZON NATL CORP COM 320517105 6,299 380,395 SH   SOLE   380,395 0 0
FIRSTENERGY CORP COM 337932107 20,393 419,600 SH   SOLE   253,600 0 166,000
FLOWSERVE CORP COM 34354P105 408 8,200 SH   SOLE   0 0 8,200
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 8,886 189,100 SH   SOLE   143,100 0 46,000
GOLDMAN SACHS GROUP INC COM 38141G104 6,530 28,400 SH   SOLE   16,700 0 11,700
GRANITE REAL ESTATE INVT TR UNIT 99/99/9999 387437114 10,792 212,988 SH   SOLE   152,488 0 60,500
HP INC COM 40434L105 2,741 133,400 SH   SOLE   89,300 0 44,100
HANGER INC COM NEW 41043F208 3,391 122,833 SH   SOLE   122,833 0 0
HARSCO CORP COM 415864107 1,664 72,300 SH   SOLE   23,000 0 49,300
HEWLETT PACKARD ENTERPRISE C COM 42824C109 4,777 301,200 SH   SOLE   199,100 0 102,100
HIGHPOINT RES CORP COM 43114K108 1,430 845,963 SH   SOLE   845,963 0 0
HOME DEPOT INC COM 437076102 12,884 59,000 SH   SOLE   36,900 0 22,100
IBERIABANK CORP COM 450828108 3,761 50,257 SH   SOLE   28,957 0 21,300
INNOSPEC INC COM 45768S105 8,865 85,706 SH   SOLE   72,685 0 13,021
JPMORGAN CHASE & CO COM 46625H100 24,680 177,045 SH   SOLE   116,600 0 60,445
KBR INC COM 48242W106 80,960 2,654,422 SH   SOLE   2,024,459 0 629,963
KAISER ALUMINUM CORP COM PAR $0.01 483007704 2,782 25,084 SH   SOLE   25,084 0 0
LAMB WESTON HLDGS INC COM 513272104 1,743 20,262 SH   SOLE   13,666 0 6,596
LENNAR CORP CL B 526057302 5,282 118,157 SH   SOLE   80,454 0 37,703
LILLY ELI & CO COM 532457108 18,311 139,322 SH   SOLE   85,000 0 54,322
LYON WILLIAM HOMES CL A NEW 552074700 502 25,115 SH   SOLE   25,115 0 0
MASTERCARD INC CL A 57636Q104 17,064 57,150 SH   SOLE   32,850 0 24,300
MERCK & CO INC COM 58933Y105 10,514 115,600 SH   SOLE   95,900 0 19,700
MICROSOFT CORP COM 594918104 39,973 253,473 SH   SOLE   170,700 0 82,773
MILLER INDS INC TENN COM NEW 600551204 4,017 108,179 SH   SOLE   108,179 0 0
NATIONAL FUEL GAS CO N J COM 636180101 842 18,100 SH   SOLE   18,100 0 0
NELNET INC CL A 64031N108 1,162 19,955 SH   SOLE   19,955 0 0
NEXTERA ENERGY INC COM 65339F101 775 3,200 SH   SOLE   200 0 3,000
NORTHROP GRUMMAN CORP COM 666807102 19,382 56,348 SH   SOLE   45,000 0 11,348
OCEANEERING INTL INC COM 675232102 291 19,500 SH   SOLE   19,500 0 0
OFFICE PPTYS INCOME TR COM SHS BEN INT 67623C109 2,413 75,069 SH   SOLE   75,069 0 0
ORACLE CORP COM 68389X105 7,804 147,300 SH   SOLE   85,300 0 62,000
PFIZER INC COM 717081103 6,140 156,700 SH   SOLE   126,300 0 30,400
PHILIP MORRIS INTL INC COM 718172109 6,892 81,000 SH   SOLE   25,100 0 55,900
PORTLAND GEN ELEC CO COM NEW 736508847 2,943 52,745 SH   SOLE   52,745 0 0
REGIONS FINL CORP NEW COM 7591EP100 1,596 93,000 SH   SOLE   63,400 0 29,600
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 16,584 281,174 SH   SOLE   238,128 0 43,046
SCIENCE APPLICATNS INTL CP N COM 808625107 11,041 126,881 SH   SOLE   110,736 0 16,145
SEACOR HOLDINGS INC COM 811904101 303 7,017 SH   SOLE   7,017 0 0
SUPERIOR ENERGY SVCS INC COM NEW 868157306 491 97,983 SH   SOLE   97,983 0 0
TENET HEALTHCARE CORP COM NEW 88033G407 1,000 26,300 SH   SOLE   26,300 0 0
TETRA TECHNOLOGIES INC DEL COM 88162F105 431 219,720 SH   SOLE   219,720 0 0
TRUIST FINL CORP COM 89832Q109 12,763 226,624 SH   SOLE   155,400 0 71,224
TYSON FOODS INC CL A 902494103 8,725 95,835 SH   SOLE   64,935 0 30,900
UFP TECHNOLOGIES INC COM 902673102 748 15,069 SH   SOLE   15,069 0 0
URANIUM ENERGY CORP COM 916896103 105 114,247 SH   SOLE   114,247 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 418 6,800 SH   SOLE   0 0 6,800
VISA INC COM CL A 92826C839 507 2,700 SH   SOLE   100 0 2,600
VIRTUS INVT PARTNERS INC COM 92828Q109 3,344 27,477 SH   SOLE   27,477 0 0
VOYA FINL INC COM 929089100 2,884 47,299 SH   SOLE   32,899 0 14,400
WALMART INC COM 931142103 15,936 134,100 SH   SOLE   77,100 0 57,000
WESCO AIRCRAFT HLDGS INC COM 950814103 5,530 501,796 SH   SOLE   311,807 0 189,989