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 28,069 915,783 SH   SOLE   915,783 0 0
CANADIAN NAT RES LTD COM 136385101 4,145 77,226 SH   SOLE   77,226 0 0
CANADIAN SOLAR INC COM 136635109 2,172 69,745 SH   SOLE   69,745 0 0
CENTURY ALUM CO COM 156431108 1,093 148,321 SH   SOLE   148,321 0 0
CHESAPEAKE ENERGY CORP COM 165167735 73,106 1,020,777 SH   SOLE   1,020,777 0 0
COMSTOCK RES INC COM 205768302 43,275 3,582,342 SH   SOLE   3,582,342 0 0
CONSOL ENERGY INC NEW COM 20854L108 42,845 867,666 SH   SOLE   867,666 0 0
COTERRA ENERGY INC COM 127097103 15,384 596,494 SH   SOLE   596,494 0 0
CVR ENERGY INC COM 12662P108 33,766 1,007,946 SH   SOLE   1,007,946 0 0
DELEK US HLDGS INC NEW COM 24665A103 33,458 1,294,822 SH   SOLE   1,294,822 0 0
DENBURY INC COM 24790A101 6,867 114,476 SH   SOLE   114,476 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C201 31,702 5,382,404 SH   SOLE   5,382,404 0 0
ENERPLUS CORP COM 292766102 150,857 11,409,547 SH   SOLE   11,409,547 0 0
EQT CORP COM 26884L109 97,319 2,829,040 SH   SOLE   2,829,040 0 0
FIRST SOLAR INC COM 336433107 14,307 210,000 SH   SOLE   210,000 0 0
FLUOR CORP NEW COM 343412102 7,587 311,725 SH   SOLE   311,725 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101 4,009 195,539 SH   SOLE   195,539 0 0
HF SINCLAIR CORP COM 403949100 21,648 479,368 SH   SOLE   479,368 0 0
ISHARES TR 20 YR TR BD ETF 464287432 220 2,000,000 SH Call SOLE   0 0 2,000,000
KOSMOS ENERGY LTD COM 500688106 53,068 8,573,209 SH   SOLE   8,573,209 0 0
MURPHY OIL CORP COM 626717102 22,913 758,949 SH   SOLE   758,949 0 0
MURPHY USA INC COM 626755102 960 100,000 SH Put SOLE   0 0 100,000
NOBLE CORP NEW SHS G6610J209 19,075 752,457 SH   SOLE   752,457 0 0
OASIS PETROLEUM INC COM NEW 674215207 12,246 100,663 SH   SOLE   100,663 0 0
OCCIDENTAL PETE CORP COM 674599105 12,083 70,000 SH Call SOLE   0 0 70,000
OLIN CORP COM PAR $1 680665205 23,220 501,718 SH   SOLE   501,718 0 0
OVINTIV INC COM 69047Q102 14,686 332,341 SH   SOLE   332,341 0 0
PDC ENERGY INC COM 69327R101 3,556 57,720 SH   SOLE   57,720 0 0
PEABODY ENGR CORP COM 704551100 55,463 2,600,223 SH   SOLE   2,600,223 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 73,738 6,936,817 SH   SOLE   6,936,817 0 0
PLAINS GP HLDGS L P LTD PARTNR INT A 72651A207 2,064 200,000 SH   SOLE   200,000 0 0
RANGE RES CORP COM 75281A109 105,391 4,258,241 SH   SOLE   4,258,241 0 0
SUNCOR ENERGY INC NEW COM 867224107 3,156 90,000 SH   SOLE   90,000 0 0
SUNCOR ENERGY INC NEW COM 867224107 10,033 1,365,000 SH Call SOLE   0 0 1,365,000
TECHNIPFMC PLC COM G87110105 10,137 1,506,196 SH   SOLE   1,506,196 0 0
TECK RESOURCES LTD CL B 878742204 34,292 1,121,575 SH   SOLE   1,121,575 0 0
UNITED STATES STL CORP NEW COM 912909108 70,946 3,961,258 SH   SOLE   3,961,258 0 0
VALERO ENERGY CORP COM 91913Y100 32,971 310,232 SH   SOLE   310,232 0 0
W & T OFFSHORE INC COM 92922P106 22,943 5,310,797 SH   SOLE   5,310,797 0 0
WARRIOR MET COAL INC COM 93627C101 55,048 1,798,372 SH   SOLE   1,798,372 0 0
WESTROCK CO COM 96145D105 15,270 383,288 SH   SOLE   383,288 0 0