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 11,022 81,402 SH   SOLE   40,701 0 40,701
AGNICO EAGLE MINES LTD COM 008474108 14,273 268,594 SH   SOLE   134,297 0 134,297
APACHE CORP COM 03743Q108 6,451 239,906 SH   SOLE   119,953 0 119,953
BAKER HUGHES A GE CO CL A COM 05722g100 1,688 70,170 SH   SOLE   35,085 0 35,085
BARRICK GOLD CORP COM 067901108 24,222 1,274,831 SH   SOLE   637,416 0 637,416
BERKSHIRE HATHAWAY CL B COM 084670702 69,468 232,336 SH   SOLE   116,168 0 116,168
BERKSHIRE HATHAWAY HLD A COM 084670108 901 2 SH   SOLE   1 0 1
CADENCE NTNL BANK GATESVILLE T COM 12740c103 1,562 52,426 SH   SOLE   26,213 0 26,213
CAMECO CORP COM 13321l108 36,039 1,652,392 SH   SOLE   826,196 0 826,196
CENOVUS ENERGY, INC. COM 15135U109 7,814 636,300 SH   SOLE   318,150 0 318,150
CHEVRON COM 166764100 54,390 463,488 SH   SOLE   231,744 0 231,744
CHUBB LTD INC COM H1467J104 594 3,074 SH   SOLE   1,537 0 1,537
CISCO SYSTEMS COM 17275R102 18,625 293,906 SH   SOLE   146,953 0 146,953
CONOCOPHILLIPS COM 20825c104 46,630 646,025 SH   SOLE   323,012 0 323,012
CORNING COM 219350105 7,520 201,986 SH   SOLE   100,993 0 100,993
DEVON ENERGY COM 25179m103 5,937 134,782 SH   SOLE   67,391 0 67,391
EASTMAN CHEMICAL COM 277432100 725 6,000 SH   SOLE   3,000 0 3,000
EXXON MOBIL COM 30231G102 51,898 848,142 SH   SOLE   424,071 0 424,071
FEDERATED HERMES, INC COM 314211103 28,626 761,739 SH   SOLE   380,869 0 380,869
FRANKLIN RES INC COM 354613101 31,090 928,329 SH   SOLE   464,165 0 464,165
FREEPORT-MCMORAN INC. COM 35671d857 19,710 472,324 SH   SOLE   236,162 0 236,162
GILEAD SCIENCES INC COM 375558103 23,622 325,324 SH   SOLE   162,662 0 162,662
GLATFELTER CORP COM 377320106 13,790 801,750 SH   SOLE   400,875 0 400,875
GRAFTECH INTERNATIONAL LTD COM 384313508 13,772 1,164,145 SH   SOLE   582,072 0 582,072
HP INC COM 40434L105 24,270 644,280 SH   SOLE   322,140 0 322,140
IMPERIAL OIL LTD COM 453038408 774 21,450 SH   SOLE   10,725 0 10,725
INTEL CORP. COM 458140100 27,823 540,248 SH   SOLE   270,124 0 270,124
INTERNATIONAL BUSINESS MACHINE COM 459200101 407 3,048 SH   SOLE   1,524 0 1,524
KRAFT HEINZ COMPANY COM 500754106 22,044 614,026 SH   SOLE   307,013 0 307,013
LOEWS COM 540424108 15,354 265,830 SH   SOLE   132,915 0 132,915
LUMEN TECHNOLOGIES COM 550241103 55,589 4,429,406 SH   SOLE   2,214,703 0 2,214,703
MARATHON PETROLEUM CORP COM 56585a102 683 10,668 SH   SOLE   5,334 0 5,334
MERCK AND CO. INC. COM 58933Y105 33,049 431,228 SH   SOLE   215,614 0 215,614
MOSAIC COM 61945c103 51,537 1,311,715 SH   SOLE   655,857 0 655,857
NEWMONT GOLDCORP COM 651639106 75,913 1,224,008 SH   SOLE   612,004 0 612,004
ORGANON & CO COM 68622v106 1,293 42,456 SH   SOLE   21,228 0 21,228
OVINTIV INC COM 69047q102 5,415 160,686 SH   SOLE   80,343 0 80,343
PEMBINA PIPELINE CORP COM 706327103 2,605 85,900 SH   SOLE   42,950 0 42,950
PERMIAN BASIN ROYALTY TRUST COM 714236106 14,482 1,433,840 SH   SOLE   716,920 0 716,920
PFIZER COM 717081103 47,304 801,092 SH   SOLE   400,546 0 400,546
PHILLIPS 66 COM 718546104 9,705 133,934 SH   SOLE   66,967 0 66,967
PRECISION DRILLING CORP COM 74022d407 958 27,044 SH   SOLE   13,522 0 13,522
SAN JUAN BASIN ROYALTY TRUST COM 798241105 196 32,250 SH   SOLE   16,125 0 16,125
SANOFI COM 80105n105 24,101 481,050 SH   SOLE   240,525 0 240,525
TECK RESOURCES LTD CL B COM 878742204 65,048 2,257,055 SH   SOLE   1,128,528 0 1,128,528
TEJON RANCH CO COM 879080109 15,855 830,972 SH   SOLE   415,486 0 415,486
THE TRAVELERS COS., INC. COM 89417e109 766 4,896 SH   SOLE   2,448 0 2,448
TRANSOCEAN, LTD COM H8817H100 1,185 429,442 SH   SOLE   214,721 0 214,721
TSAKOS ENERGY NAVIGATION LTD COM g9108l173 4,071 562,348 SH   SOLE   281,174 0 281,174
VIACOMCBS INC COM 92556h206 36,495 1,209,229 SH   SOLE   604,615 0 604,615
WAL-MART STORES COM 931142103 1,126 7,780 SH   SOLE   3,890 0 3,890