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   6,447 40,452 SH   SOLE   40,452 0 0
AGNICO EAGLE MINES LTD COM 008474108   14,652 287,456 SH   SOLE   287,456 0 0
ALAMOS GOLD INC FCLASS A COM 011532108   405 33,088 SH   SOLE   33,088 0 0
AMBEV SA SPON ADR COM 02319V103   7,658 2,715,448 SH   SOLE   2,715,448 0 0
APACHE CORP COM 03743Q108   4,766 132,159 SH   SOLE   132,159 0 0
BAKER HUGHES A GE CO CL A COM 05722g100   808 27,997 SH   SOLE   27,997 0 0
BARRICK GOLD CORP COM 067901108   12,983 699,117 SH   SOLE   699,117 0 0
BERKSHIRE HATHAWAY CL B COM 084670702   31,674 102,582 SH   SOLE   102,582 0 0
BERKSHIRE HATHAWAY HLD A COM 084670108   2,328 5 SH   SOLE   5 0 0
CADENCE NTNL BANK GATESVILLE T COM 12740c103   337 16,213 SH   SOLE   16,213 0 0
CAMECO CORP COM 13321l108   22,545 861,491 SH   SOLE   861,491 0 0
CENOVUS ENERGY, INC. COM 15135U109   6,312 361,485 SH   SOLE   361,485 0 0
CHEVRON COM 166764100   38,309 234,794 SH   SOLE   234,794 0 0
CHUBB LTD INC COM H1467J104   403 2,074 SH   SOLE   2,074 0 0
CISCO SYSTEMS COM 17275R102   7,741 148,090 SH   SOLE   148,090 0 0
CONOCOPHILLIPS COM 20825c104   30,556 307,990 SH   SOLE   307,990 0 0
CORNING COM 219350105   3,580 101,460 SH   SOLE   101,460 0 0
DEVON ENERGY COM 25179m103   3,587 70,871 SH   SOLE   70,871 0 0
EASTMAN CHEMICAL COM 277432100   202 2,400 SH   SOLE   2,400 0 0
EXXON MOBIL COM 30231G102   48,134 438,942 SH   SOLE   438,942 0 0
FEDERATED HERMES, INC COM 314211103   16,212 403,894 SH   SOLE   403,894 0 0
FRANKLIN RESOURCES INC COM COM 354613101   14,652 543,871 SH   SOLE   543,871 0 0
FREEPORT-MCMORAN INC. COM 35671d857   9,838 240,474 SH   SOLE   240,474 0 0
GILEAD SCIENCES INC COM 375558103   15,893 191,548 SH   SOLE   191,548 0 0
GLATFELTER CORP COM 377320106   1,687 528,684 SH   SOLE   528,684 0 0
GRAFTECH INTERNATIONAL LTD COM 384313508   7,522 1,547,661 SH   SOLE   1,547,661 0 0
HP INC COM 40434L105   10,952 373,135 SH   SOLE   373,135 0 0
IMPERIAL OIL LTD COM 453038408   357 7,025 SH   SOLE   7,025 0 0
INTEL CORP. COM 458140100   17,140 524,629 SH   SOLE   524,629 0 0
KRAFT HEINZ COMPANY COM 500754106   12,358 319,582 SH   SOLE   319,582 0 0
LOEWS COM 540424108   7,180 123,757 SH   SOLE   123,757 0 0
LUMEN TECHNOLOGIES COM 550241103   9,146 3,451,203 SH   SOLE   3,451,203 0 0
MARATHON PETROLEUM CORP COM 56585a102   624 4,629 SH   SOLE   4,629 0 0
MERCK AND CO. INC. COM 58933Y105   21,717 204,123 SH   SOLE   204,123 0 0
MOSAIC COM 61945c103   28,625 623,901 SH   SOLE   623,901 0 0
MURPHY OIL CORP COM 626717102   224 6,050 SH   SOLE   6,050 0 0
NEWMONT GOLDCORP COM 651639106   32,038 653,571 SH   SOLE   653,571 0 0
ORGANON & CO COM 68622v106   337 14,322 SH   SOLE   14,322 0 0
OVINTIV INC COM 69047q102   2,827 78,357 SH   SOLE   78,357 0 0
PARAMOUNT GLOBAL COM 92556H206   22,867 1,024,958 SH   SOLE   1,024,958 0 0
PERMIAN BASIN ROYALTY TRUST COM 714236106   16,780 687,688 SH   SOLE   687,688 0 0
PFIZER INC COM COM 717081103   16,284 399,117 SH   SOLE   399,117 0 0
PHILLIPS 66 COM 718546104   6,897 68,028 SH   SOLE   68,028 0 0
SAN JUAN BASIN ROYALTY TRUST COM 798241105   170 16,125 SH   SOLE   16,125 0 0
SANOFI COM 80105n105   14,308 262,919 SH   SOLE   262,919 0 0
TECK RESOURCES LTD CL B COM 878742204   39,061 1,070,168 SH   SOLE   1,070,168 0 0
TEJON RANCH CO COM 879080109   8,286 453,535 SH   SOLE   453,535 0 0
THE TRAVELERS COS., INC. COM 89417e109   474 2,765 SH   SOLE   2,765 0 0
TRANSOCEAN, LTD COM H8817H100   1,265 198,896 SH   SOLE   198,896 0 0
TSAKOS ENERGY NAVIGATION LTD COM g9108l173   6,158 316,907 SH   SOLE   316,907 0 0
VERIZON COMMUNICATIONS INC COM COM 92343V104   17,726 455,804 SH   SOLE   455,804 0 0
WAL-MART STORES COM 931142103   751 5,093 SH   SOLE   5,093 0 0