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

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

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBVIE INC COM 00287y109   6,550 40,532 SH   SOLE   40,532 0 0
AGNICO EAGLE MINES LTD COM 008474108   14,475 278,418 SH   SOLE   278,418 0 0
ALAMOS GOLD INC FCLASS A COM 011532108   325 32,193 SH   SOLE   32,193 0 0
AMBEV SA SPON ADR COM 02319V103   7,091 2,607,092 SH   SOLE   2,607,092 0 0
APACHE CORP COM 03743Q108   6,073 130,089 SH   SOLE   130,089 0 0
BAKER HUGHES A GE CO CL A COM 05722g100   878 29,728 SH   SOLE   29,728 0 0
BARRICK GOLD CORP COM 067901108   11,846 689,524 SH   SOLE   689,524 0 0
BERKSHIRE HATHAWAY CL B COM 084670702   31,779 102,877 SH   SOLE   102,877 0 0
BERKSHIRE HATHAWAY HLD A COM 084670108   2,344 5 SH   SOLE   5 0 0
CADENCE NTNL BANK GATESVILLE T COM 12740c103   400 16,213 SH   SOLE   16,213 0 0
CAMECO CORP COM 13321l108   19,398 855,649 SH   SOLE   855,649 0 0
CENOVUS ENERGY, INC. COM 15135U109   6,698 345,091 SH   SOLE   345,091 0 0
CHEVRON COM 166764100   41,738 232,535 SH   SOLE   232,535 0 0
CHUBB LTD INC COM H1467J104   459 2,079 SH   SOLE   2,079 0 0
CISCO SYSTEMS COM 17275R102   7,072 148,457 SH   SOLE   148,457 0 0
CONOCOPHILLIPS COM 20825c104   36,457 308,956 SH   SOLE   308,956 0 0
CORNING COM 219350105   3,246 101,641 SH   SOLE   101,641 0 0
DEVON ENERGY COM 25179m103   4,289 69,727 SH   SOLE   69,727 0 0
EASTMAN CHEMICAL COM 277432100   236 2,900 SH   SOLE   2,900 0 0
EXXON MOBIL COM 30231G102   48,370 438,532 SH   SOLE   438,532 0 0
FEDERATED HERMES, INC COM 314211103   14,533 400,236 SH   SOLE   400,236 0 0
FRANKLIN RESOURCES INC COM COM 354613101   14,102 534,559 SH   SOLE   534,559 0 0
FREEPORT-MCMORAN INC. COM 35671d857   9,146 240,682 SH   SOLE   240,682 0 0
GILEAD SCIENCES INC COM 375558103   16,191 188,600 SH   SOLE   188,600 0 0
GLATFELTER CORP COM 377320106   1,301 468,150 SH   SOLE   468,150 0 0
GRAFTECH INTERNATIONAL LTD COM 384313508   7,013 1,473,329 SH   SOLE   1,473,329 0 0
HP INC COM 40434L105   8,548 318,137 SH   SOLE   318,137 0 0
IMPERIAL OIL LTD COM 453038408   342 7,025 SH   SOLE   7,025 0 0
INTEL CORP. COM 458140100   13,168 498,235 SH   SOLE   498,235 0 0
INTERNATIONAL BUSINESS MACHINE COM 459200101   204 1,449 SH   SOLE   1,449 0 0
KRAFT HEINZ COMPANY COM 500754106   12,926 317,524 SH   SOLE   317,524 0 0
LOEWS COM 540424108   7,305 125,244 SH   SOLE   125,244 0 0
LUMEN TECHNOLOGIES COM 550241103   16,879 3,233,458 SH   SOLE   3,233,458 0 0
MARATHON PETROLEUM CORP COM 56585a102   539 4,629 SH   SOLE   4,629 0 0
MERCK AND CO. INC. COM 58933Y105   22,790 205,404 SH   SOLE   205,404 0 0
MOSAIC COM 61945c103   27,337 623,125 SH   SOLE   623,125 0 0
MURPHY OIL CORP COM 626717102   260 6,050 SH   SOLE   6,050 0 0
NEWMONT GOLDCORP COM 651639106   29,938 634,272 SH   SOLE   634,272 0 0
ORGANON & CO COM 68622v106   421 15,063 SH   SOLE   15,063 0 0
OVINTIV INC COM 69047q102   3,894 76,799 SH   SOLE   76,799 0 0
PARAMOUNT GLOBAL COM 92556H206   16,892 1,000,735 SH   SOLE   1,000,735 0 0
PERMIAN BASIN ROYALTY TRUST COM 714236106   17,384 689,848 SH   SOLE   689,848 0 0
PFIZER INC COM COM 717081103   20,373 397,596 SH   SOLE   397,596 0 0
PHILLIPS 66 COM 718546104   7,084 68,064 SH   SOLE   68,064 0 0
SAN JUAN BASIN ROYALTY TRUST COM 798241105   184 16,125 SH   SOLE   16,125 0 0
SANOFI COM 80105n105   12,481 257,709 SH   SOLE   257,709 0 0
TECK RESOURCES LTD CL B COM 878742204   40,194 1,062,779 SH   SOLE   1,062,779 0 0
TEJON RANCH CO COM 879080109   8,182 434,272 SH   SOLE   434,272 0 0
THE TRAVELERS COS., INC. COM 89417e109   518 2,765 SH   SOLE   2,765 0 0
TRANSOCEAN, LTD COM H8817H100   909 199,396 SH   SOLE   199,396 0 0
TSAKOS ENERGY NAVIGATION LTD COM g9108l173   5,369 317,104 SH   SOLE   317,104 0 0
VERIZON COMMUNICATIONS INC COM COM 92343V104   17,471 443,425 SH   SOLE   443,425 0 0
WAL-MART STORES COM 931142103   721 5,086 SH   SOLE   5,086 0 0