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 108,701 5,778,902 SH   SOLE   5,778,902 0 0
ARCH RESOURCES INC CL A 03940R107 4,638 50,000 SH   SOLE   50,000 0 0
ARRAY TECHNOLOGIES INC COM SHS 04271T100 9,623 519,589 SH   SOLE   519,589 0 0
CANADIAN NAT RES LTD COM 136385101 11,811 323,228 SH   SOLE   323,228 0 0
CENTURY ALUM CO COM 156431108 6,882 511,664 SH   SOLE   511,664 0 0
CHESAPEAKE ENERGY CORP COM 165167735 15,281 248,108 SH   SOLE   248,108 0 0
CIMAREX ENERGY CO COM 171798101 42,983 492,922 SH   SOLE   492,922 0 0
CLEVELAND-CLIFFS INC NEW COM 185899101 55,542 2,803,728 SH   SOLE   2,803,728 0 0
CONSOL ENERGY INC NEW COM 20854L108 5,204 200,000 SH   SOLE   200,000 0 0
DEVON ENERGY CORP NEW COM 25179M103 15,153 426,716 SH   SOLE   426,716 0 0
DIAMONDBACK ENERGY INC COM 25278X109 14,857 156,939 SH   SOLE   156,939 0 0
ENERPLUS CORP COM 292766102 119,185 14,888,217 SH   SOLE   14,888,217 0 0
ENPHASE ENERGY INC COM 29355A107 2 750,000 SH Put OTR   0 0 750,000
EQT CORP COM 26884L109 49,463 2,417,558 SH   SOLE   2,417,558 0 0
EQUITRANS MIDSTREAM CORP COM 294600101 33,699 3,323,342 SH   SOLE   3,323,342 0 0
EQUITRANS MIDSTREAM CORP COM 294600101 4 1,500,000 SH Call OTR   0 0 1,500,000
GRAPHIC PACKAGING HLDG CO COM 388689101 26,004 1,365,733 SH   SOLE   1,365,733 0 0
NOBLE CORP NEW SHS G6610J209 1,543 57,029 SH   SOLE   57,029 0 0
NRG ENERGY INC COM NEW 629377508 85,039 2,082,756 SH   SOLE   2,082,756 0 0
OASIS PETROLEUM INC COM NEW 674215207 44,475 447,343 SH   SOLE   447,343 0 0
OCCIDENTAL PETE CORP COM 674599105 6,781 229,246 SH   SOLE   229,246 0 0
PDC ENERGY INC COM 69327R101 16,961 357,899 SH   SOLE   357,899 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 53,976 5,397,626 SH   SOLE   5,397,626 0 0
RANGE RES CORP COM 75281A109 45,664 2,017,866 SH   SOLE   2,017,866 0 0
SOLAREDGE TECHNOLOGIES INC COM 83417M104 11 163,800 SH Put OTR   0 0 163,800
SOUTHWESTERN ENERGY CO COM 845467109 2,770 500,000 SH   SOLE   500,000 0 0
STEEL DYNAMICS INC COM 858119100 15,711 268,658 SH   SOLE   268,658 0 0
SUNCOR ENERGY INC NEW COM 867224107 17,637 850,357 SH   SOLE   850,357 0 0
TECK RESOURCES LTD CL B 878742204 89,854 3,607,445 SH   SOLE   3,607,445 0 0
TURQUOISE HILL RES LTD COM 900435207 22,534 1,525,461 SH   SOLE   1,525,461 0 0
UNITED STATES STL CORP NEW COM 912909108 31,788 1,446,864 SH   SOLE   1,446,864 0 0
VINE ENERGY INC CL A 92735P103 34,496 2,094,466 SH   SOLE   2,094,466 0 0
WARRIOR MET COAL INC COM 93627C101 36,040 1,548,782 SH   SOLE   1,548,782 0 0
WEATHERFORD INTL PLC ORD SHS G48833118 2,874 146,106 SH   SOLE   146,106 0 0
WEST FRASER TIMBER CO LTD COM 952845105 6,320 75,000 SH   SOLE   75,000 0 0