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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBVIE INC COM 00287y109   7,217,898 39,637 SH   SOLE   39,637 0 0
AGNICO EAGLE MINES LTD COM 008474108   19,018,090 318,828 SH   SOLE   318,828 0 0
ALAMOS GOLD INC FCLASS A COM 011532108   592,360 40,160 SH   SOLE   40,160 0 0
AMBEV SA SPON ADR COM 02319V103   7,017,477 2,829,628 SH   SOLE   2,829,628 0 0
APACHE CORP COM 03743Q108   5,079,919 147,758 SH   SOLE   147,758 0 0
BARRICK GOLD CORP COM 067901108   11,653,317 700,320 SH   SOLE   700,320 0 0
BERKSHIRE HATHAWAY CL B COM 084670702   42,605,825 101,317 SH   SOLE   101,317 0 0
BERKSHIRE HATHAWAY HLD A COM 084670108   3,172,200 5 SH   SOLE   5 0 0
CAMECO CORP COM 13321l108   25,466,442 587,868 SH   SOLE   587,868 0 0
CENOVUS ENERGY, INC. COM 15135U109   8,383,390 419,379 SH   SOLE   419,379 0 0
CHEVRON COM 166764100   38,043,260 241,177 SH   SOLE   241,177 0 0
CHUBB LTD INC COM H1467J104   551,688 2,129 SH   SOLE   2,129 0 0
CISCO SYSTEMS COM 17275R102   7,356,784 147,401 SH   SOLE   147,401 0 0
CNH INDUSTRIAL NV COM n20944109   8,194,621 632,301 SH   SOLE   632,301 0 0
CONOCOPHILLIPS COM 20825c104   38,295,685 300,877 SH   SOLE   300,877 0 0
CORNING COM 219350105   3,255,525 98,772 SH   SOLE   98,772 0 0
DEVON ENERGY COM 25179m103   4,098,652 81,679 SH   SOLE   81,679 0 0
EASTMAN CHEMICAL COM 277432100   240,528 2,400 SH   SOLE   2,400 0 0
EXXON MOBIL COM 30231G102   51,392,833 442,127 SH   SOLE   442,127 0 0
FEDERATED HERMES, INC COM 314211103   15,118,872 418,573 SH   SOLE   418,573 0 0
FRANKLIN RESOURCES INC COM COM 354613101   16,425,672 584,336 SH   SOLE   584,336 0 0
FREEPORT-MCMORAN INC. COM 35671d857   11,130,339 236,715 SH   SOLE   236,715 0 0
GILEAD SCIENCES INC COM 375558103   15,066,515 205,686 SH   SOLE   205,686 0 0
GLATFELTER CORP COM 377320106   864,074 432,037 SH   SOLE   432,037 0 0
GRAFTECH INTERNATIONAL LTD COM 384313508   2,488,808 1,803,484 SH   SOLE   1,803,484 0 0
HP INC COM 40434L105   11,407,385 377,478 SH   SOLE   377,478 0 0
IMPERIAL OIL LTD COM 453038408   485,638 7,025 SH   SOLE   7,025 0 0
INTEL CORP. COM 458140100   24,328,969 550,803 SH   SOLE   550,803 0 0
INTERNATIONAL BUSINESS MACHINE COM 459200101   267,153 1,399 SH   SOLE   1,399 0 0
KRAFT HEINZ COMPANY COM 500754106   11,936,486 323,482 SH   SOLE   323,482 0 0
LOEWS COM 540424108   9,105,440 116,304 SH   SOLE   116,304 0 0
LUMEN TECHNOLOGIES COM 550241103   4,189,465 2,685,554 SH   SOLE   2,685,554 0 0
MARATHON PETROLEUM CORP COM 56585a102   993,193 4,929 SH   SOLE   4,929 0 0
MERCK AND CO. INC. COM 58933Y105   16,997,535 128,818 SH   SOLE   128,818 0 0
MOSAIC COM 61945c103   20,574,747 633,849 SH   SOLE   633,849 0 0
MURPHY OIL CORP COM 626717102   276,485 6,050 SH   SOLE   6,050 0 0
NEWMONT GOLDCORP COM 651639106   25,426,653 709,449 SH   SOLE   709,449 0 0
OVINTIV INC COM 69047q102   4,578,358 88,215 SH   SOLE   88,215 0 0
PARAMOUNT GLOBAL COM 92556H206   12,966,581 1,101,664 SH   SOLE   1,101,664 0 0
PARK AEROSPACE CORP COM 70014A104   7,647,239 459,846 SH   SOLE   459,846 0 0
PERMIAN BASIN ROYALTY TRUST COM 714236106   8,259,871 682,634 SH   SOLE   682,634 0 0
PFIZER INC COM COM 717081103   15,936,797 574,299 SH   SOLE   574,299 0 0
PHILLIPS 66 COM 718546104   10,815,068 66,212 SH   SOLE   66,212 0 0
SAN JUAN BASIN ROYALTY TRUST COM 798241105   82,656 15,625 SH   SOLE   15,625 0 0
SANOFI COM 80105n105   13,385,363 275,419 SH   SOLE   275,419 0 0
TECK RESOURCES LTD CL B COM 878742204   47,536,561 1,038,370 SH   SOLE   1,038,370 0 0
TEJON RANCH CO COM 879080109   7,439,532 482,773 SH   SOLE   482,773 0 0
THE TRAVELERS COS., INC. COM 89417e109   613,323 2,665 SH   SOLE   2,665 0 0
TRANSOCEAN, LTD COM H8817H100   1,229,034 195,706 SH   SOLE   195,706 0 0
TSAKOS ENERGY NAVIGATION LTD COM g9108l173   9,372,312 369,134 SH   SOLE   369,134 0 0
VERIZON COMMUNICATIONS INC COM COM 92343V104   26,852,554 639,956 SH   SOLE   639,956 0 0
WAL-MART STORES COM 931142103   1,180,896 19,626 SH   SOLE   19,626 0 0