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 5,440 40,537 SH   SOLE   40,537 0 0
AGNICO EAGLE MINES LTD COM 008474108 11,756 278,373 SH   SOLE   278,373 0 0
AMBEV SA SPON ADR COM 02319V103 7,363 2,601,714 SH   SOLE   2,601,714 0 0
APACHE CORP COM 03743Q108 4,402 128,754 SH   SOLE   128,754 0 0
BAKER HUGHES A GE CO CL A COM 05722g100 623 29,728 SH   SOLE   29,728 0 0
BARRICK GOLD CORP COM 067901108 10,641 686,519 SH   SOLE   686,519 0 0
BERKSHIRE HATHAWAY CL B COM 084670702 27,684 103,678 SH   SOLE   103,678 0 0
BERKSHIRE HATHAWAY HLD A COM 084670108 2,032 5 SH   SOLE   5 0 0
CADENCE NTNL BANK GATESVILLE T COM 12740c103 412 16,213 SH   SOLE   16,213 0 0
CAMECO CORP COM 13321l108 22,628 853,562 SH   SOLE   853,562 0 0
CENOVUS ENERGY, INC. COM 15135U109 5,232 340,376 SH   SOLE   340,376 0 0
CHEVRON COM 166764100 33,447 232,805 SH   SOLE   232,805 0 0
CHUBB LTD INC COM H1467J104 374 2,054 SH   SOLE   2,054 0 0
CISCO SYSTEMS COM 17275R102 5,937 148,420 SH   SOLE   148,420 0 0
CONOCOPHILLIPS COM 20825c104 32,250 315,121 SH   SOLE   315,121 0 0
CORNING COM 219350105 2,941 101,327 SH   SOLE   101,327 0 0
DEVON ENERGY COM 25179m103 4,187 69,627 SH   SOLE   69,627 0 0
EASTMAN CHEMICAL COM 277432100 206 2,900 SH   SOLE   2,900 0 0
EXXON MOBIL COM 30231G102 38,363 439,391 SH   SOLE   439,391 0 0
FEDERATED HERMES, INC COM 314211103 13,227 399,359 SH   SOLE   399,359 0 0
FRANKLIN RESOURCES INC COM COM 354613101 11,502 534,477 SH   SOLE   534,477 0 0
FREEPORT-MCMORAN INC. COM 35671d857 6,579 240,707 SH   SOLE   240,707 0 0
GILEAD SCIENCES INC COM 375558103 11,587 187,829 SH   SOLE   187,829 0 0
GLATFELTER CORP COM 377320106 1,497 481,202 SH   SOLE   481,202 0 0
GRAFTECH INTERNATIONAL LTD COM 384313508 6,410 1,487,258 SH   SOLE   1,487,258 0 0
HP INC COM 40434L105 7,904 317,155 SH   SOLE   317,155 0 0
IMPERIAL OIL LTD COM 453038408 434 10,025 SH   SOLE   10,025 0 0
INTEL CORP. COM 458140100 12,833 497,993 SH   SOLE   497,993 0 0
KRAFT HEINZ COMPANY COM 500754106 10,577 317,138 SH   SOLE   317,138 0 0
LOEWS COM 540424108 6,242 125,244 SH   SOLE   125,244 0 0
LUMEN TECHNOLOGIES COM 550241103 24,263 3,332,801 SH   SOLE   3,332,801 0 0
MARATHON PETROLEUM CORP COM 56585a102 460 4,629 SH   SOLE   4,629 0 0
MERCK AND CO. INC. COM 58933Y105 17,714 205,695 SH   SOLE   205,695 0 0
MOSAIC COM 61945c103 30,086 622,512 SH   SOLE   622,512 0 0
MURPHY OIL CORP COM 626717102 213 6,050 SH   SOLE   6,050 0 0
NEWMONT GOLDCORP COM 651639106 26,544 631,537 SH   SOLE   631,537 0 0
ORGANON & CO COM 68622v106 355 15,191 SH   SOLE   15,191 0 0
OVINTIV INC COM 69047q102 3,536 76,874 SH   SOLE   76,874 0 0
PARAMOUNT GLOBAL COM 92556H206 12,194 640,436 SH   SOLE   640,436 0 0
PERMIAN BASIN ROYALTY TRUST COM 714236106 11,319 693,113 SH   SOLE   693,113 0 0
PFIZER INC COM COM 717081103 17,432 398,350 SH   SOLE   398,350 0 0
PHILLIPS 66 COM 718546104 5,483 67,925 SH   SOLE   67,925 0 0
SAN JUAN BASIN ROYALTY TRUST COM 798241105 152 16,125 SH   SOLE   16,125 0 0
SANOFI COM 80105n105 9,764 256,815 SH   SOLE   256,815 0 0
TECK RESOURCES LTD CL B COM 878742204 32,280 1,061,487 SH   SOLE   1,061,487 0 0
TEJON RANCH CO COM 879080109 6,228 432,493 SH   SOLE   432,493 0 0
THE TRAVELERS COS., INC. COM 89417e109 424 2,765 SH   SOLE   2,765 0 0
TRANSOCEAN, LTD COM H8817H100 493 199,507 SH   SOLE   199,507 0 0
TSAKOS ENERGY NAVIGATION LTD COM g9108l173 4,837 316,743 SH   SOLE   316,743 0 0
VERIZON COMMUNICATIONS INC COM COM 92343V104 16,863 444,122 SH   SOLE   444,122 0 0
WAL-MART STORES COM 931142103 649 5,001 SH   SOLE   5,001 0 0