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    <nameOfIssuer>Abbott Laboratories</nameOfIssuer>
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    <nameOfIssuer>AbbVie Inc</nameOfIssuer>
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    <nameOfIssuer>Adobe Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00724F101</cusip>
    <value>2331623</value>
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    <nameOfIssuer>ADT Inc Del</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00090Q103</cusip>
    <value>6915582</value>
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    <nameOfIssuer>AECOM</nameOfIssuer>
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    <nameOfIssuer>Algonquin Power &amp; Utilities Corp</nameOfIssuer>
    <titleOfClass>ADR</titleOfClass>
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    <nameOfIssuer>Alignment Healthcare Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <titleOfClass>COM</titleOfClass>
    <cusip>018802108</cusip>
    <value>2328612</value>
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      <Sole>32450</Sole>
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    <nameOfIssuer>Allstate Corp/The</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>020002101</cusip>
    <value>10390222</value>
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      <Sole>50112</Sole>
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    <nameOfIssuer>Altria Group Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>02209S103</cusip>
    <value>9403575</value>
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      <Sole>142500</Sole>
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    <nameOfIssuer>Amazon.com Inc</nameOfIssuer>
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    <value>2395105</value>
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      <Sole>11500</Sole>
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    <nameOfIssuer>Ameren Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>023608102</cusip>
    <value>3855994</value>
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    <nameOfIssuer>American Airls Group Inc.</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>02376R102</cusip>
    <value>30189066</value>
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    <nameOfIssuer>Ameriprise Finl Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>03076C106</cusip>
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    <nameOfIssuer>Amgen Inc</nameOfIssuer>
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    <cusip>031162100</cusip>
    <value>4239793</value>
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    <nameOfIssuer>Antero Midstream Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>03676B102</cusip>
    <value>6769548</value>
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      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
    <cusip>03674X106</cusip>
    <value>844556</value>
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    <votingAuthority>
      <Sole>19900</Sole>
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      <None>0</None>
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    <nameOfIssuer>Associated Banc-Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>045487105</cusip>
    <value>905100</value>
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    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>Astronics Corp</nameOfIssuer>
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    <cusip>046433108</cusip>
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    <votingAuthority>
      <Sole>377800</Sole>
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      <None>0</None>
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    <nameOfIssuer>AT&amp;T Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <titleOfClass>COM</titleOfClass>
    <cusip>049560105</cusip>
    <value>26467790</value>
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      <Sole>143286</Sole>
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      <None>0</None>
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    <cusip>052800109</cusip>
    <value>30054728</value>
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      <Sole>285800</Sole>
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      <None>0</None>
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    <nameOfIssuer>AutoZone Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>053332102</cusip>
    <value>2364446</value>
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      <sshPrnamt>700</sshPrnamt>
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    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>Avidia Bancorp Inc</nameOfIssuer>
    <titleOfClass>COMMON STOCK</titleOfClass>
    <cusip>05369T100</cusip>
    <value>3048850</value>
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      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>155000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Avista Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>05379B107</cusip>
    <value>893998</value>
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      <sshPrnamt>22272</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>22272</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Axis Cap Hldgs Ltd</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>G0692U109</cusip>
    <value>8832811</value>
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    <votingAuthority>
      <Sole>87100</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Banc of California Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>05990K106</cusip>
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    <votingAuthority>
      <Sole>195000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Bancorp Inc Del</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>05969A105</cusip>
    <value>2417850</value>
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      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>45000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Bank of America Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>060505104</cusip>
    <value>7234500</value>
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      <Sole>53000</Sole>
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    <nameOfIssuer>Banner Corp</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
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    <value>485440</value>
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      <Sole>8000</Sole>
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    <nameOfIssuer>Beacon Financial Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>084680107</cusip>
    <value>3330000</value>
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    <votingAuthority>
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    <nameOfIssuer>Berkley W R Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>084423102</cusip>
    <value>2618060</value>
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      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>39500</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Berkshire Halthaway Inc - CL A</nameOfIssuer>
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    <cusip>084670108</cusip>
    <value>25853040</value>
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      <sshPrnamt>36</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>36</Sole>
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      <None>0</None>
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    <nameOfIssuer>Berkshire Hathaway Inc</nameOfIssuer>
    <titleOfClass>CL B NEW</titleOfClass>
    <cusip>084670702</cusip>
    <value>1437600</value>
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      <sshPrnamt>3000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>3000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Bjs Whsl Club Hldgs Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>05550J101</cusip>
    <value>7263396</value>
    <shrsOrPrnAmt>
      <sshPrnamt>73800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>73800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Black Hills Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>092113109</cusip>
    <value>3133653</value>
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      <sshPrnamt>45147</sshPrnamt>
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    <votingAuthority>
      <Sole>45147</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Block Inc</nameOfIssuer>
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    <cusip>852234103</cusip>
    <value>421260</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>BP PLC</nameOfIssuer>
    <titleOfClass>SPONSORED ADR</titleOfClass>
    <cusip>055622104</cusip>
    <value>7834900</value>
    <shrsOrPrnAmt>
      <sshPrnamt>166700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>166700</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Bread Financial Holdings Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>018581108</cusip>
    <value>2096920</value>
    <shrsOrPrnAmt>
      <sshPrnamt>28000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>28000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <titleOfClass>COM</titleOfClass>
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      <Sole>145847</Sole>
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    <titleOfClass>COM</titleOfClass>
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      <Sole>488300</Sole>
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      <None>0</None>
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    <nameOfIssuer>Brinker International Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>8380599</value>
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      <sshPrnamt>58700</sshPrnamt>
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    <votingAuthority>
      <Sole>58700</Sole>
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    <nameOfIssuer>Bristol-Myers Squibb Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>110122108</cusip>
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      <Sole>160400</Sole>
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    <nameOfIssuer>Broadridge Finl Solutions Inc</nameOfIssuer>
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    <nameOfIssuer>C H Robinson Worldwide Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>12541W209</cusip>
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      <Sole>288000</Sole>
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    <nameOfIssuer>California BanCorp</nameOfIssuer>
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      <Sole>105000</Sole>
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    <titleOfClass>COM</titleOfClass>
    <cusip>128030202</cusip>
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    <votingAuthority>
      <Sole>346800</Sole>
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      <None>0</None>
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    <nameOfIssuer>Canadian Natural Resources Ltd</nameOfIssuer>
    <titleOfClass>ADR</titleOfClass>
    <cusip>136385101</cusip>
    <value>8620337</value>
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      <sshPrnamt>176900</sshPrnamt>
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    <votingAuthority>
      <Sole>176900</Sole>
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      <None>0</None>
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    <nameOfIssuer>Capital One Financial Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>14040H105</cusip>
    <value>1277010</value>
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      <sshPrnamt>7000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7000</Sole>
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      <None>0</None>
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    <nameOfIssuer>Cardinal Health Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>14149Y108</cusip>
    <value>12699731</value>
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      <sshPrnamt>60100</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>60100</Sole>
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      <None>0</None>
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    <nameOfIssuer>Caseys Gen Stores Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>147528103</cusip>
    <value>64051680</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>88000</Sole>
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      <None>0</None>
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    <nameOfIssuer>CenterPoint Energy Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>15189T107</cusip>
    <value>14425280</value>
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    <votingAuthority>
      <Sole>334228</Sole>
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      <None>0</None>
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    <nameOfIssuer>Charles Schwab Corp/The</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>808513105</cusip>
    <value>234950</value>
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      <sshPrnamt>2500</sshPrnamt>
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    <votingAuthority>
      <Sole>2500</Sole>
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      <None>0</None>
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    <nameOfIssuer>Charter Communications Inc</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>16119P108</cusip>
    <value>4770948</value>
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      <sshPrnamt>22100</sshPrnamt>
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    <votingAuthority>
      <Sole>22100</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Cheesecake Factory Inc/The</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>163072101</cusip>
    <value>35406825</value>
    <shrsOrPrnAmt>
      <sshPrnamt>646700</sshPrnamt>
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    <votingAuthority>
      <Sole>646700</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Chefs Whse Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>163086101</cusip>
    <value>9250301</value>
    <shrsOrPrnAmt>
      <sshPrnamt>155598</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>155598</Sole>
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      <None>0</None>
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    <nameOfIssuer>Cheniere Energy Inc</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>16411R208</cusip>
    <value>33482829</value>
    <shrsOrPrnAmt>
      <sshPrnamt>117997</sshPrnamt>
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    <votingAuthority>
      <Sole>117997</Sole>
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    <nameOfIssuer>Chesapeake Utilities Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>165303108</cusip>
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    <shrsOrPrnAmt>
      <sshPrnamt>25058</sshPrnamt>
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      <Sole>25058</Sole>
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    <nameOfIssuer>Chevron Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>166764100</cusip>
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      <sshPrnamt>65232</sshPrnamt>
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      <Sole>65232</Sole>
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    <nameOfIssuer>Cisco Systems Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>17275R102</cusip>
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      <sshPrnamt>88500</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>88500</Sole>
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    </votingAuthority>
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    <nameOfIssuer>Citigroup Inc</nameOfIssuer>
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    <cusip>172967424</cusip>
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      <sshPrnamt>72300</sshPrnamt>
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    <nameOfIssuer>Citizens Financial Group Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>174610105</cusip>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>12000</Sole>
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      <None>0</None>
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    <nameOfIssuer>CMS Energy Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>125896100</cusip>
    <value>10946383</value>
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    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>CNO Financial Group Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>12621E103</cusip>
    <value>7284044</value>
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      <sshPrnamt>177400</sshPrnamt>
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    <votingAuthority>
      <Sole>177400</Sole>
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    <nameOfIssuer>Coca-Cola Co/The</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>191216100</cusip>
    <value>10620383</value>
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      <None>0</None>
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    <nameOfIssuer>Cognizant Technology Solutio</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>192446102</cusip>
    <value>1944795</value>
    <shrsOrPrnAmt>
      <sshPrnamt>31700</sshPrnamt>
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    <votingAuthority>
      <Sole>31700</Sole>
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      <None>0</None>
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    <nameOfIssuer>Coinbase Global Inc</nameOfIssuer>
    <titleOfClass>COM CL A</titleOfClass>
    <cusip>19260Q107</cusip>
    <value>523830</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Colgate-Palmolive Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>194162103</cusip>
    <value>8753121</value>
    <shrsOrPrnAmt>
      <sshPrnamt>102700</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>102700</Sole>
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      <None>0</None>
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    <nameOfIssuer>Columbia Banking System Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>197236102</cusip>
    <value>2880150</value>
    <shrsOrPrnAmt>
      <sshPrnamt>105000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>105000</Sole>
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      <None>0</None>
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    <nameOfIssuer>Comcast Corp</nameOfIssuer>
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    <cusip>20030N101</cusip>
    <value>6003261</value>
    <shrsOrPrnAmt>
      <sshPrnamt>209100</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>209100</Sole>
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      <None>0</None>
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    <nameOfIssuer>Compass Inc</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>20464U100</cusip>
    <value>8195241</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1121100</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1121100</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>ConnectOne Bancorp Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>20786W107</cusip>
    <value>3881650</value>
    <shrsOrPrnAmt>
      <sshPrnamt>145000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>145000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>ConocoPhillips</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>20825C104</cusip>
    <value>9229968</value>
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      <sshPrnamt>69924</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>69924</Sole>
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      <None>0</None>
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    <nameOfIssuer>Consolidated Edison Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>209115104</cusip>
    <value>13065046</value>
    <shrsOrPrnAmt>
      <sshPrnamt>115436</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>115436</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Crown Hldgs Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>228368106</cusip>
    <value>38646375</value>
    <shrsOrPrnAmt>
      <sshPrnamt>385500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>385500</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Csg Sys Intl Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>126349109</cusip>
    <value>11172974</value>
    <shrsOrPrnAmt>
      <sshPrnamt>139767</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>139767</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>Customers Bancorp Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>23204G100</cusip>
    <value>2290530</value>
    <shrsOrPrnAmt>
      <sshPrnamt>33000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>33000</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>CVS Health Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>126650100</cusip>
    <value>5271588</value>
    <shrsOrPrnAmt>
      <sshPrnamt>73400</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>73400</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Darden Restaurants Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>237194105</cusip>
    <value>2528916</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>12900</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Deere &amp; Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>244199105</cusip>
    <value>2929160</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5200</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5200</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Dell Technologies Inc</nameOfIssuer>
    <titleOfClass>CL C</titleOfClass>
    <cusip>24703L202</cusip>
    <value>3906294</value>
    <shrsOrPrnAmt>
      <sshPrnamt>23800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>23800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Devon Energy Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>25179M103</cusip>
    <value>503200</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Diamondback Energy Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>25278X109</cusip>
    <value>1111580</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5620</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5620</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Dollar Tree Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>256746108</cusip>
    <value>2244955</value>
    <shrsOrPrnAmt>
      <sshPrnamt>20500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>20500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Dominion Energy Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>25746U109</cusip>
    <value>4381616</value>
    <shrsOrPrnAmt>
      <sshPrnamt>70877</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>70877</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Driven Brands Hldgs Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>26210V102</cusip>
    <value>6376877</value>
    <shrsOrPrnAmt>
      <sshPrnamt>505700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>505700</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>DT Midstream Inc</nameOfIssuer>
    <titleOfClass>COMMON STOCK</titleOfClass>
    <cusip>23345M107</cusip>
    <value>19941934</value>
    <shrsOrPrnAmt>
      <sshPrnamt>148080</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>148080</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>DTE Energy Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>233331107</cusip>
    <value>6156447</value>
    <shrsOrPrnAmt>
      <sshPrnamt>42104</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>42104</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Duke Energy Corp</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>26441C204</cusip>
    <value>12424504</value>
    <shrsOrPrnAmt>
      <sshPrnamt>94887</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>94887</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Dycom Industries Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>267475101</cusip>
    <value>48654552</value>
    <shrsOrPrnAmt>
      <sshPrnamt>143600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>143600</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Eagle Bancorp Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>268948106</cusip>
    <value>3606150</value>
    <shrsOrPrnAmt>
      <sshPrnamt>145000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>145000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Eastern Bankshares Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>27627N105</cusip>
    <value>2151600</value>
    <shrsOrPrnAmt>
      <sshPrnamt>110000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>110000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>eBay Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>278642103</cusip>
    <value>2657784</value>
    <shrsOrPrnAmt>
      <sshPrnamt>29200</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>29200</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>EchoStar Corp</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>278768106</cusip>
    <value>55830683</value>
    <shrsOrPrnAmt>
      <sshPrnamt>476900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>476900</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Enbridge Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>29250N105</cusip>
    <value>26662055</value>
    <shrsOrPrnAmt>
      <sshPrnamt>492465</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>492465</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Endava PLC</nameOfIssuer>
    <titleOfClass>ADS</titleOfClass>
    <cusip>29260V105</cusip>
    <value>91936</value>
    <shrsOrPrnAmt>
      <sshPrnamt>20800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>20800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Energy Transfer LP</nameOfIssuer>
    <titleOfClass>COM UT LTD PTN</titleOfClass>
    <cusip>29273V100</cusip>
    <value>10996368</value>
    <shrsOrPrnAmt>
      <sshPrnamt>569760</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>569760</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Enterprise Products Partners LP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>293792107</cusip>
    <value>10799158</value>
    <shrsOrPrnAmt>
      <sshPrnamt>285390</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>285390</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>EOG Resources Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>26875P101</cusip>
    <value>4601663</value>
    <shrsOrPrnAmt>
      <sshPrnamt>31830</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>31830</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>EQT Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>26884L109</cusip>
    <value>26964268</value>
    <shrsOrPrnAmt>
      <sshPrnamt>423700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>423700</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Equinor ASA</nameOfIssuer>
    <titleOfClass>SPONSORED ADR</titleOfClass>
    <cusip>29446M102</cusip>
    <value>9866360</value>
    <shrsOrPrnAmt>
      <sshPrnamt>233800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>233800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Essential Utilities Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>29670G102</cusip>
    <value>4039081</value>
    <shrsOrPrnAmt>
      <sshPrnamt>100300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>100300</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>EverQuote Inc</nameOfIssuer>
    <titleOfClass>COM CL A</titleOfClass>
    <cusip>30041R108</cusip>
    <value>5452512</value>
    <shrsOrPrnAmt>
      <sshPrnamt>353600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>353600</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Exelon Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30161N101</cusip>
    <value>6236864</value>
    <shrsOrPrnAmt>
      <sshPrnamt>127231</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>127231</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Expand Energy Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>165167735</cusip>
    <value>889218</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8100</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Exxon Mobil Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30231G102</cusip>
    <value>8994016</value>
    <shrsOrPrnAmt>
      <sshPrnamt>53012</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>53012</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>EZCORP Inc</nameOfIssuer>
    <titleOfClass>CL A NON VTG</titleOfClass>
    <cusip>302301106</cusip>
    <value>10921014</value>
    <shrsOrPrnAmt>
      <sshPrnamt>430300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>430300</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Fidelity National Financial Inc</nameOfIssuer>
    <titleOfClass>COM SHS</titleOfClass>
    <cusip>31620R303</cusip>
    <value>5199198</value>
    <shrsOrPrnAmt>
      <sshPrnamt>112100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>112100</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Fiserv Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>337738108</cusip>
    <value>390600</value>
    <shrsOrPrnAmt>
      <sshPrnamt>7000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>7000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Flagstar Bank National Assoc</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>649445400</cusip>
    <value>2963250</value>
    <shrsOrPrnAmt>
      <sshPrnamt>225000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>225000</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Ford Motor Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>345370860</cusip>
    <value>5076446</value>
    <shrsOrPrnAmt>
      <sshPrnamt>439900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>439900</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Fortis Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>349553107</cusip>
    <value>5254079</value>
    <shrsOrPrnAmt>
      <sshPrnamt>94176</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>94176</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Fox Corp</nameOfIssuer>
    <titleOfClass>CL A COM</titleOfClass>
    <cusip>35137L105</cusip>
    <value>9776160</value>
    <shrsOrPrnAmt>
      <sshPrnamt>167400</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>167400</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Freeport-McMoRan Inc</nameOfIssuer>
    <titleOfClass>CL B</titleOfClass>
    <cusip>35671D857</cusip>
    <value>1000436</value>
    <shrsOrPrnAmt>
      <sshPrnamt>17020</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>17020</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Fresenius Medical Care AG</nameOfIssuer>
    <titleOfClass>SPONSORED ADR</titleOfClass>
    <cusip>358029106</cusip>
    <value>7620768</value>
    <shrsOrPrnAmt>
      <sshPrnamt>337800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>337800</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Fresh Del Monte Produce Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>G36738105</cusip>
    <value>9660186</value>
    <shrsOrPrnAmt>
      <sshPrnamt>239945</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>239945</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Gilead Sciences Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>375558103</cusip>
    <value>9518971</value>
    <shrsOrPrnAmt>
      <sshPrnamt>68300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>68300</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Goldman Sachs Group Inc/The</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>38141G104</cusip>
    <value>1268985</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1500</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Graham Holdings Co</nameOfIssuer>
    <titleOfClass>COM CL B</titleOfClass>
    <cusip>384637104</cusip>
    <value>9501596</value>
    <shrsOrPrnAmt>
      <sshPrnamt>8987</sshPrnamt>
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    <votingAuthority>
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    <nameOfIssuer>Granite Construction Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>387328107</cusip>
    <value>40183776</value>
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      <sshPrnamt>335200</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>335200</Sole>
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      <None>0</None>
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    <nameOfIssuer>Groupon Inc</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>399473206</cusip>
    <value>4943260</value>
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    <votingAuthority>
      <Sole>415400</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>GSK PLC</nameOfIssuer>
    <titleOfClass>SPONSORED ADR</titleOfClass>
    <cusip>37733W204</cusip>
    <value>6885504</value>
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      <sshPrnamt>124760</sshPrnamt>
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    <votingAuthority>
      <Sole>124760</Sole>
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      <None>0</None>
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    <nameOfIssuer>Halliburton Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>406216101</cusip>
    <value>1059748</value>
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      <sshPrnamt>27180</sshPrnamt>
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    <votingAuthority>
      <Sole>27180</Sole>
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      <None>0</None>
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    <nameOfIssuer>Hancock Whitney Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>1081030</value>
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      <sshPrnamt>17000</sshPrnamt>
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    <votingAuthority>
      <Sole>17000</Sole>
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      <None>0</None>
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    <nameOfIssuer>Hanover Insurance Group Inc/The</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>410867105</cusip>
    <value>7523390</value>
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      <sshPrnamt>43400</sshPrnamt>
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    <votingAuthority>
      <Sole>43400</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Hartford Insurance Group Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>416515104</cusip>
    <value>2772215</value>
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    <votingAuthority>
      <Sole>20500</Sole>
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      <None>0</None>
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    <nameOfIssuer>HCA Healthcare Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>40412C101</cusip>
    <value>2697468</value>
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      <sshPrnamt>5700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5700</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Helmerich &amp; Payne Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>980016</value>
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      <sshPrnamt>27200</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>27200</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Hingham Institution For Savings The</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>433323102</cusip>
    <value>3715920</value>
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      <sshPrnamt>13000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>13000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Home Depot Inc/The</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>437076102</cusip>
    <value>8403140</value>
    <shrsOrPrnAmt>
      <sshPrnamt>25550</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>25550</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Horace Mann Educators Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>440327104</cusip>
    <value>8664040</value>
    <shrsOrPrnAmt>
      <sshPrnamt>203000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>203000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>HSBC Holdings PLC</nameOfIssuer>
    <titleOfClass>SPON ADR NEW</titleOfClass>
    <cusip>404280406</cusip>
    <value>5955778</value>
    <shrsOrPrnAmt>
      <sshPrnamt>72200</sshPrnamt>
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    <votingAuthority>
      <Sole>72200</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Incyte Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>45337C102</cusip>
    <value>2437708</value>
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      <sshPrnamt>25900</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>25900</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Independent Bank Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>453836108</cusip>
    <value>2557140</value>
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      <sshPrnamt>34000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>34000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>International Business Machs</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>459200101</cusip>
    <value>5465895</value>
    <shrsOrPrnAmt>
      <sshPrnamt>22550</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>22550</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Jabil Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>466313103</cusip>
    <value>3027916</value>
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      <sshPrnamt>11399</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>11399</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Jacobs Solutions Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46982L108</cusip>
    <value>31883640</value>
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      <sshPrnamt>250500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>250500</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>JB Hunt Transport Services Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>445658107</cusip>
    <value>2733510</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12900</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>12900</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Johnson &amp; Johnson</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>478160104</cusip>
    <value>12417552</value>
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      <sshPrnamt>50800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>50800</Sole>
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      <None>0</None>
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    <nameOfIssuer>Jones Lang LaSalle Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>48020Q107</cusip>
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    <votingAuthority>
      <Sole>116200</Sole>
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    <nameOfIssuer>Jpmorgan Chase &amp; Co.</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>46625H100</cusip>
    <value>7442248</value>
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    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>Kearny Finl Corp MD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>48716P108</cusip>
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    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>KeyCorp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>493267108</cusip>
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      <sshPrnamt>62000</sshPrnamt>
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    <votingAuthority>
      <Sole>62000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Kimberly-Clark Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>2556455</value>
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      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>26500</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Kinder Morgan Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>49456B101</cusip>
    <value>30905640</value>
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      <sshPrnamt>921731</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>921731</Sole>
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      <None>0</None>
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    <nameOfIssuer>Kroger Co/The</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>501044101</cusip>
    <value>11567614</value>
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      <sshPrnamt>159862</sshPrnamt>
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    <votingAuthority>
      <Sole>159862</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Leidos Holdings Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>525327102</cusip>
    <value>33825600</value>
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      <sshPrnamt>217500</sshPrnamt>
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    <votingAuthority>
      <Sole>217500</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Lithia Motors Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>536797103</cusip>
    <value>26670096</value>
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      <sshPrnamt>106800</sshPrnamt>
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    <votingAuthority>
      <Sole>106800</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Live Nation Entertainment Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>538034109</cusip>
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    <votingAuthority>
      <Sole>62195</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Loews Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>540424108</cusip>
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      <sshPrnamt>82400</sshPrnamt>
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      <Sole>82400</Sole>
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      <None>0</None>
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    <nameOfIssuer>Lowe&apos;s Cos Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>548661107</cusip>
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      <sshPrnamt>9900</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>9900</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Lululemon Athletica Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>550021109</cusip>
    <value>2128090</value>
    <shrsOrPrnAmt>
      <sshPrnamt>13900</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>13900</Sole>
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      <None>0</None>
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    <nameOfIssuer>Lyft Inc</nameOfIssuer>
    <titleOfClass>CL A COM</titleOfClass>
    <cusip>55087P104</cusip>
    <value>21443590</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1612300</sshPrnamt>
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    <votingAuthority>
      <Sole>1612300</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Macy&apos;s Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>55616P104</cusip>
    <value>38381553</value>
    <shrsOrPrnAmt>
      <sshPrnamt>2121700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>2121700</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Marathon Pete Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>56585A102</cusip>
    <value>268598</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1100</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Markel Group Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>570535104</cusip>
    <value>7464873</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3900</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Marsh &amp; McLennan Cos Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>571748102</cusip>
    <value>2549715</value>
    <shrsOrPrnAmt>
      <sshPrnamt>14700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>14700</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>MasTec Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>576323109</cusip>
    <value>65988874</value>
    <shrsOrPrnAmt>
      <sshPrnamt>205100</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>205100</Sole>
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      <None>0</None>
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    <nameOfIssuer>Mastercard Incorporated</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>57636Q104</cusip>
    <value>1049286</value>
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      <sshPrnamt>2100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <votingAuthority>
      <Sole>2100</Sole>
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      <None>0</None>
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    <nameOfIssuer>McDonald&apos;s Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>580135101</cusip>
    <value>1647187</value>
    <shrsOrPrnAmt>
      <sshPrnamt>5300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>5300</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>MDU Resources Group Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>552690109</cusip>
    <value>3723529</value>
    <shrsOrPrnAmt>
      <sshPrnamt>179707</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>179707</Sole>
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      <None>0</None>
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    <nameOfIssuer>Medtronic PLC</nameOfIssuer>
    <titleOfClass>SHS</titleOfClass>
    <cusip>G5960L103</cusip>
    <value>5199000</value>
    <shrsOrPrnAmt>
      <sshPrnamt>60000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>60000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Merck &amp; Co Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>58933Y105</cusip>
    <value>14170162</value>
    <shrsOrPrnAmt>
      <sshPrnamt>117800</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>117800</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>MGE Energy Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>55277P104</cusip>
    <value>949044</value>
    <shrsOrPrnAmt>
      <sshPrnamt>12279</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>12279</Sole>
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      <None>0</None>
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    <nameOfIssuer>Millicom Intl Cellular S A</nameOfIssuer>
    <titleOfClass>COM STK</titleOfClass>
    <cusip>L6388F110</cusip>
    <value>18892374</value>
    <shrsOrPrnAmt>
      <sshPrnamt>252100</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>252100</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Mondelez International Inc</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>609207105</cusip>
    <value>6075256</value>
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      <sshPrnamt>105400</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>105400</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Morgan Stanley</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>617446448</cusip>
    <value>7027139</value>
    <shrsOrPrnAmt>
      <sshPrnamt>42700</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>42700</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>MPLX LP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>55336V100</cusip>
    <value>9274959</value>
    <shrsOrPrnAmt>
      <sshPrnamt>162519</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>162519</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>National Fuel Gas Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>636180101</cusip>
    <value>6898919</value>
    <shrsOrPrnAmt>
      <sshPrnamt>73424</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>73424</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>National Grid PLC</nameOfIssuer>
    <titleOfClass>SPONSORED ADR NE</titleOfClass>
    <cusip>636274409</cusip>
    <value>15307862</value>
    <shrsOrPrnAmt>
      <sshPrnamt>180944</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>180944</Sole>
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      <None>0</None>
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    <nameOfIssuer>NB Bancorp Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>63945M107</cusip>
    <value>3792600</value>
    <shrsOrPrnAmt>
      <sshPrnamt>180000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>180000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>NetApp Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>64110D104</cusip>
    <value>2956306</value>
    <shrsOrPrnAmt>
      <sshPrnamt>28873</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>28873</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>New Jersey Resources Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>646025106</cusip>
    <value>5828879</value>
    <shrsOrPrnAmt>
      <sshPrnamt>106134</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>106134</Sole>
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      <None>0</None>
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    <nameOfIssuer>Newmont Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>651639106</cusip>
    <value>2403150</value>
    <shrsOrPrnAmt>
      <sshPrnamt>22200</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>22200</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Nexstar Media Group Inc</nameOfIssuer>
    <titleOfClass>COMMON STOCK</titleOfClass>
    <cusip>65336K103</cusip>
    <value>31374005</value>
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      <sshPrnamt>173500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>173500</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>NextEra Energy Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>65339F101</cusip>
    <value>1028182</value>
    <shrsOrPrnAmt>
      <sshPrnamt>11070</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>11070</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>NIKE Inc</nameOfIssuer>
    <titleOfClass>CL B</titleOfClass>
    <cusip>654106103</cusip>
    <value>7920359</value>
    <shrsOrPrnAmt>
      <sshPrnamt>149950</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>149950</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>NiSource Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>65473P105</cusip>
    <value>16726723</value>
    <shrsOrPrnAmt>
      <sshPrnamt>358481</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>358481</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Nomad Foods Ltd</nameOfIssuer>
    <titleOfClass>USD ORD SHS</titleOfClass>
    <cusip>G6564A105</cusip>
    <value>4097704</value>
    <shrsOrPrnAmt>
      <sshPrnamt>426400</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>426400</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Northwest Natural Holding Co</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>66765N105</cusip>
    <value>2623906</value>
    <shrsOrPrnAmt>
      <sshPrnamt>49303</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>49303</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Northwestern Energy Group Inc</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>668074305</cusip>
    <value>909840</value>
    <shrsOrPrnAmt>
      <sshPrnamt>13798</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>13798</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>NOV Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>62955J103</cusip>
    <value>980001</value>
    <shrsOrPrnAmt>
      <sshPrnamt>52100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>52100</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>NVR Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>62944T105</cusip>
    <value>1976949</value>
    <shrsOrPrnAmt>
      <sshPrnamt>300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>300</Sole>
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      <None>0</None>
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    <nameOfIssuer>OceanFirst Financial Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>675234108</cusip>
    <value>3517800</value>
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      <sshPrnamt>195000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>195000</Sole>
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      <None>0</None>
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    <nameOfIssuer>Old National Bancorp/IN</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>680033107</cusip>
    <value>1989000</value>
    <shrsOrPrnAmt>
      <sshPrnamt>90000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>90000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Old Rep Intl Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>680223104</cusip>
    <value>7517080</value>
    <shrsOrPrnAmt>
      <sshPrnamt>188398</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>188398</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Omnicom Group Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>681919106</cusip>
    <value>2522885</value>
    <shrsOrPrnAmt>
      <sshPrnamt>33500</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>33500</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>ONE Gas Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>68235P108</cusip>
    <value>6552340</value>
    <shrsOrPrnAmt>
      <sshPrnamt>76075</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>76075</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>ONEOK Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>682680103</cusip>
    <value>35759549</value>
    <shrsOrPrnAmt>
      <sshPrnamt>395614</sshPrnamt>
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    <votingAuthority>
      <Sole>395614</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>OneSpan Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>68287N100</cusip>
    <value>110502</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10494</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>10494</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Opendoor Technologies Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>683712103</cusip>
    <value>17479332</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3734900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3734900</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>PayPal Holdings Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>70450Y103</cusip>
    <value>2844967</value>
    <shrsOrPrnAmt>
      <sshPrnamt>62900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>62900</Sole>
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      <None>0</None>
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    <nameOfIssuer>Peloton Interactive Inc</nameOfIssuer>
    <titleOfClass>CL A COM</titleOfClass>
    <cusip>70614W100</cusip>
    <value>19250946</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4487400</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4487400</Sole>
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      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>Penn Entertainment Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>707569109</cusip>
    <value>27127647</value>
    <shrsOrPrnAmt>
      <sshPrnamt>1804900</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>1804900</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>PepsiCo Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>713448108</cusip>
    <value>9208697</value>
    <shrsOrPrnAmt>
      <sshPrnamt>59300</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>59300</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Petroleo Brasileiro SA - Petrobras</nameOfIssuer>
    <titleOfClass>SPONSORED ADR</titleOfClass>
    <cusip>71654V408</cusip>
    <value>9163200</value>
    <shrsOrPrnAmt>
      <sshPrnamt>441600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>441600</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Pfizer Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>717081103</cusip>
    <value>6545448</value>
    <shrsOrPrnAmt>
      <sshPrnamt>233100</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>233100</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>PG&amp;E Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>69331C108</cusip>
    <value>12394739</value>
    <shrsOrPrnAmt>
      <sshPrnamt>705449</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>705449</Sole>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>Philip Morris International Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>718172109</cusip>
    <value>5935706</value>
    <shrsOrPrnAmt>
      <sshPrnamt>35900</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>35900</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <titleOfClass>COM</titleOfClass>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>4800</Sole>
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      <None>0</None>
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    <nameOfIssuer>Pilgrim&apos;s Pride Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>72147K108</cusip>
    <value>5826368</value>
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      <sshPrnamt>154300</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>154300</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Pitney Bowes Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>10779275</value>
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      <sshPrnamt>975500</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>975500</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Plains All American Pipeline LP</nameOfIssuer>
    <titleOfClass>UNIT LTD PARTN</titleOfClass>
    <cusip>726503105</cusip>
    <value>9004706</value>
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      <sshPrnamt>403256</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>403256</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>PNC Financial Services Group Inc/The</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>693475105</cusip>
    <value>1664720</value>
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      <sshPrnamt>8000</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8000</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Porch Group Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>733245104</cusip>
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      <sshPrnamt>1398100</sshPrnamt>
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      <Sole>1398100</Sole>
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      <None>0</None>
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    <nameOfIssuer>Post Holdings Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>737446104</cusip>
    <value>7236552</value>
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      <sshPrnamt>73200</sshPrnamt>
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    <votingAuthority>
      <Sole>73200</Sole>
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      <None>0</None>
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    <nameOfIssuer>PPL Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>69351T106</cusip>
    <value>5986666</value>
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      <sshPrnamt>156719</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>156719</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Price T Rowe Group Inc.</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>74144T108</cusip>
    <value>2298570</value>
    <shrsOrPrnAmt>
      <sshPrnamt>25500</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>25500</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>PriceSmart Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>741511109</cusip>
    <value>12431300</value>
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      <sshPrnamt>82600</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>82600</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Primoris Services Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>74164F103</cusip>
    <value>44728608</value>
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      <sshPrnamt>312700</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>312700</Sole>
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      <None>0</None>
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    <nameOfIssuer>Procter &amp; Gamble Co/The</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>742718109</cusip>
    <value>12429062</value>
    <shrsOrPrnAmt>
      <sshPrnamt>86050</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>86050</Sole>
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      <None>0</None>
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    <nameOfIssuer>ProFrac Holding Corp</nameOfIssuer>
    <titleOfClass>CLASS A COM</titleOfClass>
    <cusip>74319N100</cusip>
    <value>362700</value>
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      <sshPrnamt>58500</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>58500</Sole>
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      <None>0</None>
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    <nameOfIssuer>Progressive Corp/The</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>743315103</cusip>
    <value>2596944</value>
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      <sshPrnamt>13100</sshPrnamt>
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    <votingAuthority>
      <Sole>13100</Sole>
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      <None>0</None>
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    <nameOfIssuer>Provident Financial Services Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>74386T105</cusip>
    <value>3808800</value>
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      <sshPrnamt>180000</sshPrnamt>
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    <votingAuthority>
      <Sole>180000</Sole>
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      <None>0</None>
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    <nameOfIssuer>Public Service Enterprise Group Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>744573106</cusip>
    <value>12408826</value>
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      <sshPrnamt>153290</sshPrnamt>
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    <votingAuthority>
      <Sole>153290</Sole>
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      <None>0</None>
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    <nameOfIssuer>PulteGroup Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>745867101</cusip>
    <value>2446288</value>
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      <sshPrnamt>20800</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>20800</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>QUALCOMM Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>747525103</cusip>
    <value>4958030</value>
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      <sshPrnamt>38500</sshPrnamt>
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    <votingAuthority>
      <Sole>38500</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>RGC Resources Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>74955L103</cusip>
    <value>285636</value>
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      <sshPrnamt>12954</sshPrnamt>
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    <votingAuthority>
      <Sole>12954</Sole>
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      <None>0</None>
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    <nameOfIssuer>Robinhood Markets Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>770700102</cusip>
    <value>554400</value>
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      <sshPrnamt>8000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>8000</Sole>
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      <None>0</None>
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    <nameOfIssuer>Root Inc</nameOfIssuer>
    <titleOfClass>CL A NEW</titleOfClass>
    <cusip>77664L207</cusip>
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      <sshPrnamt>47102</sshPrnamt>
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    <votingAuthority>
      <Sole>47102</Sole>
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    <nameOfIssuer>Royal Bank of Canada</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>780087102</cusip>
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      <sshPrnamt>35600</sshPrnamt>
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    <votingAuthority>
      <Sole>35600</Sole>
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    <nameOfIssuer>Sanmina Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>801056102</cusip>
    <value>39527236</value>
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      <sshPrnamt>304900</sshPrnamt>
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    <votingAuthority>
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    <nameOfIssuer>Sempra</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>816851109</cusip>
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      <sshPrnamt>279380</sshPrnamt>
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    <nameOfIssuer>Shell PLC</nameOfIssuer>
    <titleOfClass>SPON ADS</titleOfClass>
    <cusip>780259305</cusip>
    <value>7551600</value>
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      <sshPrnamt>81200</sshPrnamt>
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    <votingAuthority>
      <Sole>81200</Sole>
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      <None>0</None>
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    <nameOfIssuer>SLB Ltd</nameOfIssuer>
    <titleOfClass>COM STK</titleOfClass>
    <cusip>806857108</cusip>
    <value>7364701</value>
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      <sshPrnamt>143310</sshPrnamt>
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    <votingAuthority>
      <Sole>143310</Sole>
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      <None>0</None>
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    <nameOfIssuer>Southern Co/The</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>842587107</cusip>
    <value>24718772</value>
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      <sshPrnamt>256100</sshPrnamt>
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    <votingAuthority>
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      <None>0</None>
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    <nameOfIssuer>Southwest Gas Holdings Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>844895102</cusip>
    <value>7857237</value>
    <shrsOrPrnAmt>
      <sshPrnamt>90417</sshPrnamt>
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      <Sole>90417</Sole>
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      <None>0</None>
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    <nameOfIssuer>Spire Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>84857L101</cusip>
    <value>4729900</value>
    <shrsOrPrnAmt>
      <sshPrnamt>52241</sshPrnamt>
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    <votingAuthority>
      <Sole>52241</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>Starbucks Corp</nameOfIssuer>
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    <cusip>855244109</cusip>
    <value>5644170</value>
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      <sshPrnamt>63000</sshPrnamt>
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    <votingAuthority>
      <Sole>63000</Sole>
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      <None>0</None>
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    <nameOfIssuer>StoneX Group Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>861896108</cusip>
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      <sshPrnamt>706050</sshPrnamt>
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    <nameOfIssuer>Suncor Energy Inc</nameOfIssuer>
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    <value>8254495</value>
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      <sshPrnamt>124860</sshPrnamt>
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      <Sole>124860</Sole>
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    <nameOfIssuer>Sunoco LP/Sunoco Fin Corp</nameOfIssuer>
    <titleOfClass>COM UT REP LP</titleOfClass>
    <cusip>86765K109</cusip>
    <value>9108794</value>
    <shrsOrPrnAmt>
      <sshPrnamt>140200</sshPrnamt>
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      <Sole>140200</Sole>
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      <None>0</None>
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    <nameOfIssuer>Synchrony Financial</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>87165B103</cusip>
    <value>1020300</value>
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      <sshPrnamt>15000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>15000</Sole>
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      <None>0</None>
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    <nameOfIssuer>Sysco Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>871829107</cusip>
    <value>2460885</value>
    <shrsOrPrnAmt>
      <sshPrnamt>34500</sshPrnamt>
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    <votingAuthority>
      <Sole>34500</Sole>
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      <None>0</None>
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    <nameOfIssuer>Targa Resources Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>87612G101</cusip>
    <value>3643107</value>
    <shrsOrPrnAmt>
      <sshPrnamt>14530</sshPrnamt>
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    <votingAuthority>
      <Sole>14530</Sole>
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      <None>0</None>
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    <nameOfIssuer>TC Energy Corp</nameOfIssuer>
    <titleOfClass>ADR</titleOfClass>
    <cusip>87807B107</cusip>
    <value>28777220</value>
    <shrsOrPrnAmt>
      <sshPrnamt>459700</sshPrnamt>
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    <votingAuthority>
      <Sole>459700</Sole>
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      <None>0</None>
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    <nameOfIssuer>TD SYNNEX Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>87162W100</cusip>
    <value>40823096</value>
    <shrsOrPrnAmt>
      <sshPrnamt>241972</sshPrnamt>
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      <Sole>241972</Sole>
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      <None>0</None>
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  <infoTable>
    <nameOfIssuer>Telefonaktiebolaget LM Ericsson</nameOfIssuer>
    <titleOfClass>ADR B SEK 10</titleOfClass>
    <cusip>294821608</cusip>
    <value>158084</value>
    <shrsOrPrnAmt>
      <sshPrnamt>14027</sshPrnamt>
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    <votingAuthority>
      <Sole>14027</Sole>
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      <None>0</None>
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    <nameOfIssuer>Telephone and Data Systems Inc</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>879433829</cusip>
    <value>9489340</value>
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      <sshPrnamt>225400</sshPrnamt>
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    <votingAuthority>
      <Sole>225400</Sole>
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      <None>0</None>
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    <nameOfIssuer>Tenaris SA</nameOfIssuer>
    <titleOfClass>SPONSORED ADS</titleOfClass>
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    <votingAuthority>
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    <value>6909987</value>
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    <nameOfIssuer>Toronto-Dominion Bank/The</nameOfIssuer>
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    <votingAuthority>
      <Sole>63900</Sole>
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    <nameOfIssuer>Tractor Supply Co</nameOfIssuer>
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      <Sole>36900</Sole>
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      <None>0</None>
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    <nameOfIssuer>Truist Financial Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>89832Q109</cusip>
    <value>1654920</value>
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    <votingAuthority>
      <Sole>36000</Sole>
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    <value>12606856</value>
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    <votingAuthority>
      <Sole>346152</Sole>
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      <Sole>92744</Sole>
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      <None>0</None>
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    <value>2862916</value>
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      <sshPrnamt>11800</sshPrnamt>
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    <votingAuthority>
      <Sole>11800</Sole>
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      <None>0</None>
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    <votingAuthority>
      <Sole>16866</Sole>
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    <nameOfIssuer>United Parcel Service Inc</nameOfIssuer>
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    <value>2439824</value>
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      <Sole>24800</Sole>
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    <nameOfIssuer>United Therapeutics Corp Del</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>3320688</value>
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    <nameOfIssuer>Unum Group</nameOfIssuer>
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    <nameOfIssuer>US Bancorp</nameOfIssuer>
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      <Sole>25400</Sole>
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    <nameOfIssuer>Valero Energy Corp</nameOfIssuer>
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    <nameOfIssuer>Verizon Communications Inc</nameOfIssuer>
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    <nameOfIssuer>Virtu Financial Inc</nameOfIssuer>
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    <nameOfIssuer>Visa Inc</nameOfIssuer>
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    <nameOfIssuer>WaFd Inc</nameOfIssuer>
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    <nameOfIssuer>Western Midstream Partners LP</nameOfIssuer>
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    <nameOfIssuer>Wintrust Financial Corp</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>97650W108</cusip>
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      <None>0</None>
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    <nameOfIssuer>Wolverine World Wide Inc</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>978097103</cusip>
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    <titleOfClass>COM</titleOfClass>
    <cusip>98389B100</cusip>
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      <Sole>102199</Sole>
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      <None>0</None>
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    <nameOfIssuer>Zoetis Inc</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
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    <shrsOrPrnAmt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>21300</Sole>
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      <None>0</None>
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</informationTable>
