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
ANADARKO PETE CORP COM 032511107 1,067 23,450 SH   SOLE   23,450 0 0
ANTERO RES CORP COM 03674X106 102,013 11,552,983 SH   SOLE   11,552,983 0 0
ANTERO RES CORP COM 03674X106 2,137 15,530,700 SH Call OTR   0 0 15,530,700
C&J ENERGY SVCS INC NEW COM 12674R100 34,802 2,242,404 SH   SOLE   2,242,404 0 0
CALLON PETE CO DEL COM 13123X102 1,614 213,835 SH   SOLE   213,835 0 0
CHENIERE ENERGY INC COM NEW 16411R208 3,515 51,426 SH   SOLE   51,426 0 0
CIMAREX ENERGY CO COM 171798101 374 880,300 SH Call OTR   0 0 880,300
CLEVELAND CLIFFS INC COM 185899101 14,252 1,426,608 SH   SOLE   1,426,608 0 0
CNX RESOURCES CORPORATION COM 12653C108 77,165 7,164,821 SH   SOLE   7,164,821 0 0
CONCHO RES INC COM 20605P101 277 2,500 SH   SOLE   2,500 0 0
CREDIT SUISSE NASSAU BRH 3X LONG GOLD 22542D316 7,066 74,499 SH   SOLE   74,499 0 0
CRESCENT PT ENERGY CORP COM 22576C101 4,435 1,368,478 SH   SOLE   1,368,478 0 0
DEVON ENERGY CORP NEW COM 25179M103 9,210 291,830 SH   SOLE   291,830 0 0
DIAMONDBACK ENERGY INC COM 25278X109 546 5,376 SH   SOLE   5,376 0 0
DOMTAR CORP COM NEW 257559203 24,971 502,942 SH   SOLE   502,942 0 0
ENERGY RECOVERY INC COM 29270J100 712 81,565 SH   SOLE   81,565 0 0
EQT CORP COM 26884L109 108,766 5,244,247 SH   SOLE   5,244,247 0 0
EURONAV NV ANTWERPEN SHS B38564108 858 105,300 SH   SOLE   105,300 0 0
FIRST SOLAR INC COM 336433107 14,199 268,718 SH   SOLE   268,718 0 0
FREEPORT-MCMORAN INC CL B 35671D857 230 3,000,000 SH Put OTR   0 0 3,000,000
FTS INTERNATIONAL INC COM 30283W104 13,660 1,365,997 SH   SOLE   1,365,997 0 0
GENESEE & WYO INC CL A 371559105 784 9,000 SH   SOLE   9,000 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 35,244 4,455,604 SH   SOLE   4,455,604 0 0
HESS CORP COM 42809H107 849 14,101 SH   SOLE   14,101 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 16,980 1,197,463 SH   SOLE   1,197,463 0 0
KOSMOS ENERGY LTD COM 500688106 49,978 8,022,085 SH   SOLE   8,022,085 0 0
LOUISIANA PAC CORP COM 546347105 1,336 54,783 SH   SOLE   54,783 0 0
MARATHON OIL CORP COM 565849106 1,128 67,498 SH   SOLE   67,498 0 0
NOBLE ENERGY INC COM 655044105 97,893 3,958,478 SH   SOLE   3,958,478 0 0
PACKAGING CORP AMER COM 695156109 1,305 13,130 SH   SOLE   13,130 0 0
PARSLEY ENERGY INC CL A 701877102 117,590 6,092,725 SH   SOLE   6,092,725 0 0
PATTERSON UTI ENERGY INC COM 703481101 67,707 4,829,340 SH   SOLE   4,829,340 0 0
PEABODY ENERGY CORP NEW COM 704551100 31,973 1,128,583 SH   SOLE   1,128,583 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 44,441 3,107,764 SH   SOLE   3,107,764 0 0
PIONEER NAT RES CO COM 723787107 112,070 735,946 SH   SOLE   735,946 0 0
PIONEER NAT RES CO COM 723787107 460 200,000 SH Call OTR   0 0 200,000
POTLATCHDELTIC CORPORATION COM 737630103 88 500,000 SH Put OTR   0 0 500,000
PROSHARES TR II ULTRA SILVER NEW 74347W353 4,848 198,051 SH   SOLE   198,051 0 0
QEP RES INC COM 74733V100 57,033 7,321,280 SH   SOLE   7,321,280 0 0
QEP RES INC COM 74733V100 585 1,800,000 SH Call OTR   0 0 1,800,000
RANGE RES CORP COM 75281A109 112,187 9,981,054 SH   SOLE   9,981,054 0 0
RANGE RES CORP COM 75281A109 691 13,819,300 SH Call OTR   0 0 13,819,300
SM ENERGY CO COM 78454L100 43,313 2,476,462 SH   SOLE   2,476,462 0 0
SOUTHWESTERN ENERGY CO COM 845467109 18,360 3,914,739 SH   SOLE   3,914,739 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 17,602 144,264 SH   SOLE   144,264 0 0
TARGA RES CORP COM 87612G101 10,441 251,278 SH   SOLE   251,278 0 0
TARGA RES CORP COM 87612G101 131 1,750,000 SH Call OTR   0 0 1,750,000
TECK RESOURCES LTD CL B 878742204 55,981 2,415,812 SH   SOLE   2,415,812 0 0
TELLURIAN INC NEW COM 87968A104 168 15,000 SH   SOLE   15,000 0 0
TENARIS S A SPONSORED ADS 88031M109 34,082 1,206,456 SH   SOLE   1,206,456 0 0
TURQUOISE HILL RES LTD COM 900435108 30,786 18,617,520 SH   SOLE   18,617,520 0 0
WARRIOR MET COAL INC COM 93627C101 37,442 1,231,642 SH   SOLE   1,231,642 0 0
WEYERHAEUSER CO COM 962166104 1,560 1,000,000 SH Put OTR   0 0 1,000,000
WILLIAMS COS INC DEL COM 969457100 696 24,250 SH   SOLE   24,250 0 0
WPX ENERGY INC COM 98212B103 295 22,500 SH   SOLE   22,500 0 0