The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBVIE INC COM 00287y109 4,246 43,251 SH   SOLE   43,151 0 100
APACHE CORP COM 037411105 985 72,946 SH   SOLE   72,946 0 0
BAKER HUGHES A GE CO CL A COM 05722g100 867 56,347 SH   SOLE   56,147 0 200
BANCORPSOUTH BANK COM 05971j102 611 26,886 SH   SOLE   26,886 0 0
BARRICK GOLD CORP COM 067901108 16,381 608,067 SH   SOLE   605,567 0 2,500
BERKSHIRE HATHAWAY CL B COM 084670702 21,338 119,536 SH   SOLE   119,086 0 450
BERKSHIRE HATHAWAY HLD A COM 084670108 1,336 5 SH   SOLE   5 0 0
CAMECO CORP COM 13321l108 5,479 534,512 SH   SOLE   532,102 0 2,410
CENOVUS ENERGY, INC. COM 15135U109 1,563 334,601 SH   SOLE   334,071 0 530
CHEVRON COM 166764100 13,321 149,287 SH   SOLE   148,987 0 300
CISCO SYSTEMS COM 17275R102 7,557 162,029 SH   SOLE   161,376 0 653
CONOCOPHILLIPS COM 20825c104 13,209 314,355 SH   SOLE   313,450 0 905
CORNING COM 219350105 13,299 513,464 SH   SOLE   511,364 0 2,100
DEVON ENERGY COM 25179m103 781 68,837 SH   SOLE   68,837 0 0
DIAMOND OFFSHORE DRILLING COM 25271C102 68 265,555 SH   SOLE   264,465 0 1,090
EASTMAN CHEMICAL COM 277432100 209 3,000 SH   SOLE   3,000 0 0
EXXON MOBIL COM 30231G102 18,732 418,877 SH   SOLE   416,657 0 2,220
FEDERATED HERMES, INC COM 314211103 5,724 241,515 SH   SOLE   240,315 0 1,200
FORD MOTOR COM 345370860 107 17,680 SH   SOLE   17,280 0 400
FRANKLIN RES INC COM 354613101 8,811 420,180 SH   SOLE   418,380 0 1,800
FREEPORT-MCMORAN INC. COM 35671d857 3,042 262,897 SH   SOLE   262,237 0 660
GILEAD SCIENCES INC COM 375558103 11,664 151,603 SH   SOLE   151,003 0 600
HP INC COM 40434L105 6,178 354,456 SH   SOLE   352,756 0 1,700
IMPERIAL OIL LTD COM 453038408 172 10,725 SH   SOLE   10,725 0 0
INTEL CORP. COM 458140100 5,794 96,836 SH   SOLE   96,136 0 700
JEFFERIES FINANCIAL GROUP INC COM 47233w109 10,469 673,225 SH   SOLE   669,825 0 3,400
KRAFT HEINZ COMPANY COM 500754106 9,524 298,656 SH   SOLE   297,156 0 1,500
LOEWS COM 540424108 5,024 146,516 SH   SOLE   146,366 0 150
MARATHON PETROLEUM CORP COM 56585a102 211 5,634 SH   SOLE   5,634 0 0
MERCK AND CO. INC. COM 58933Y105 18,683 241,600 SH   SOLE   240,360 0 1,240
MOSAIC COM 61945c103 8,044 643,028 SH   SOLE   640,328 0 2,700
NEWMONT GOLDCORP COM 651639106 38,620 625,524 SH   SOLE   622,942 0 2,582
NOBLE ENERGY COM 655044105 1,477 164,803 SH   SOLE   164,603 0 200
NOKIA COM 654902204 2,007 456,158 SH   SOLE   455,058 0 1,100
OVINTIV INC COM 69047q102 1,303 136,442 SH   SOLE   135,636 0 806
PEMBINA PIPELINE CORP COM 706327103 1,074 42,950 SH   SOLE   42,950 0 0
PERMIAN BASIN ROYALTY TRUST COM 714236106 2,673 810,146 SH   SOLE   807,341 0 2,805
PFIZER COM 717081103 13,099 400,567 SH   SOLE   398,467 0 2,100
PHILLIPS 66 COM 718546104 5,123 71,255 SH   SOLE   71,105 0 150
PILGRIM'S PRIDE COM 72147k108 259 15,355 SH   SOLE   15,355 0 0
PRECISION DRILLING CORP COM 74022d308 359 472,608 SH   SOLE   469,508 0 3,100
RED RIVER BANCSHARES INC COM 75686r202 215 4,898 SH   SOLE   0 0 4,898
SAN JUAN BASIN ROYALTY TRUST COM 798241105 37 16,125 SH   SOLE   16,125 0 0
SANOFI COM 80105n105 12,320 241,337 SH   SOLE   240,137 0 1,200
SEACOR HOLDINGS INC COM 811904101 3,563 125,807 SH   SOLE   125,257 0 550
SIMMONS FIRST NATIONAL COM 828730200 188 11,014 SH   SOLE   11,014 0 0
TECK RESOURCES LIMITED FCLASS COM 878742204 11,296 1,084,045 SH   SOLE   1,078,945 0 5,100
TEJON RANCH CO COM 879080109 2,354 163,488 SH   SOLE   163,008 0 480
THE TRAVELERS COS., INC. COM 89417e109 399 3,499 SH   SOLE   3,499 0 0
TRANSOCEAN, LTD COM H8817H100 775 423,592 SH   SOLE   421,692 0 1,900
TSAKOS ENERGY NAVIGATION LTD COM g9108l108 953 474,068 SH   SOLE   473,568 0 500
TYSON FOODS COM 902494103 687 11,513 SH   SOLE   11,513 0 0
VIACOMCBS INC COM 92556h206 12,688 544,078 SH   SOLE   540,478 0 3,600
WAL-MART STORES COM 931142103 474 3,957 SH   SOLE   3,957 0 0