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
ANTERO RESOURCES CORP COM 03674X106 72,267 7,085,006 SH   SOLE   7,085,006 0 0
ARCH RESOURCES INC CL A 03940R107 3,519 84,593 SH   SOLE   84,593 0 0
CENTURY ALUM CO COM 156431108 9,007 510,000 SH   SOLE   510,000 0 0
CHESAPEAKE ENERGY CORP COM 165167735 41,069 946,501 SH   SOLE   946,501 0 0
CIMAREX ENERGY CO COM 171798101 59,815 1,007,156 SH   SOLE   1,007,156 0 0
CVR ENERGY INC COM 12662P108 9,996 521,148 SH   SOLE   521,148 0 0
DEVON ENERGY CORP NEW COM 25179M103 30,937 1,415,869 SH   SOLE   1,415,869 0 0
DIAMONDBACK ENERGY INC COM 25278X109 11,212 152,570 SH   SOLE   152,570 0 0
DOMTAR CORP COM NEW 257559203 12,321 333,453 SH   SOLE   333,453 0 0
ENERPLUS CORP COM 292766102 105,882 21,109,699 SH   SOLE   21,109,699 0 0
ENPHASE ENERGY INC COM 29355A107 14 750,000 SH Put OTR   0 0 750,000
EQT CORP COM 26884L109 54,107 2,912,135 SH   SOLE   2,912,135 0 0
EQUITRANS MIDSTREAM CORP COM 294600101 31,880 3,906,863 SH   SOLE   3,906,863 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101 26,731 1,471,985 SH   SOLE   1,471,985 0 0
HOLLYFRONTIER CORP COM 436106108 1,298 36,273 SH   SOLE   36,273 0 0
MACQUARIE INFRASTRUCTURE COR COM 55608B105 0 59,600 SH Call OTR   0 0 59,600
NUCOR CORP COM 670346105 10,034 125,000 SH   SOLE   125,000 0 0
OASIS PETROLEUM INC COM NEW 674215207 58,904 991,818 SH   SOLE   991,818 0 0
PDC ENERGY INC COM 69327R101 9,116 265,000 SH   SOLE   265,000 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 13,797 1,615,630 SH   SOLE   1,615,630 0 0
PHILLIPS 66 COM 718546104 29,964 367,473 SH   SOLE   367,473 0 0
SOLAREDGE TECHNOLOGIES INC COM 83417M104 33 163,800 SH Put OTR   0 0 163,800
STEEL DYNAMICS INC COM 858119100 17,807 350,801 SH   SOLE   350,801 0 0
SUNCOR ENERGY INC NEW COM 867224107 12,749 610,000 SH   SOLE   610,000 0 0
TECK RESOURCES LTD CL B 878742204 55,225 2,880,696 SH   SOLE   2,880,696 0 0
TURQUOISE HILL RES LTD COM 900435207 36,244 2,251,778 SH   SOLE   2,251,778 0 0
VALERO ENERGY CORP COM 91913Y100 387 5,400 SH   SOLE   5,400 0 0
WARRIOR MET COAL INC COM 93627C101 19,528 1,139,983 SH   SOLE   1,139,983 0 0
WEST FRASER TIMBER CO LTD COM 952845105 20,443 284,213 SH   SOLE   284,213 0 0
WESTROCK CO COM 96145D105 35,015 672,726 SH   SOLE   672,726 0 0
WILLIAMS COS INC COM 969457100 6,472 273,205 SH   SOLE   273,205 0 0
WILLIAMS COS INC COM 969457100 28 1,830,000 SH Call OTR   0 0 1,830,000