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

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COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
Air Lease CorporationCL A00912X3025,657126,703SH SOLE 126,70300
American Express Co.COM0258161092,79214,929SH SOLE 14,92900
Amgen Inc.COM0311621003,52914,594SH SOLE 14,59400
Appharvest Inc.COM03783T10343681,082SH SOLE 81,08200
Apple Inc.COM0378331004,93928,287SH SOLE 28,28700
CBL & Associates Properties Inc.COMMON STOCK12483087810,597322,202SH SOLE 322,20200
Cheniere Energy IncCOM NEW16411R20817,289124,692SH SOLE 124,69200
Cheniere Energy Partners COM UNIT16411Q1012264,005SH SOLE 4,00500
Comcast Cl ACL A 20030N1016,987149,221SH SOLE 149,22100
Corning Inc.COM2193501055,272142,844SH SOLE 142,84400
Eneti Inc.COMY2294C1073,311521,385SH SOLE 521,38500
Equitrans Midstream CorpCOM2946001015,009593,462SH SOLE 593,46200
Genco ShippingSHSY2685T1311,29955,000SH SOLE 55,00000
Genworth Financial IncCOM CL A 37247D1063,177840,490SH SOLE 840,49000
Gilead Sciences Inc.COM3755581032,38240,060SH SOLE 40,06000
Goldman Sachs Group IncCOM38141G1045,91017,905SH SOLE 17,90500
Invesco Ltd.SHSG491BT1085,912256,377SH SOLE 256,37700
Invesco Senior Loan ETFSNR LN ETF46138G50821810,000SH SOLE 10,00000
Joby Aviation Inc.COMMON STOCKG651631001,655250,000SH SOLE 250,00000
MBIA IncCOM55262C10016,8191,092,855SH SOLE 1,092,85500
Mammoth Energy Services, Inc.COM 56155L1087,5323,536,380SH SOLE 3,536,38000
Maui Land & Pineapple Co.COM5773451016,388574,941SH SOLE 574,94100
Mesabi TrustCFT BEN INT59067210119,148718,769SH SOLE 718,76900
Micron Technology IncCOM5951121033,11640,000SH SOLE 40,00000
New York Times Cl ACL A6501111074,39795,923SH SOLE 95,92300
Newell Rubbermaid IncCOM6512291063,931183,620SH SOLE 183,62000
Noble Corporation (Drilling New)SHSG6610J2095,444155,330SH SOLE 155,33000
Oasis Petroleum Inc.COM NEW 6742152077,94054,272SH SOLE 54,27200
Qualcomm Inc.COM 74752510310,45668,421SH SOLE 68,42100
Spirit AeroSystems Holdings, Inc.COM CL A 8485741096,156125,920SH SOLE 125,92000
Star Bulk Carriers Corp.SHS PAR Y8162K20410,647358,594SH SOLE 358,59400
Tidewater Inc.COM 88642r10910,264472,148SH SOLE 472,14800
Unit CorpCOM 90921840623,264377,974SH SOLE 377,97400
United Natural Foods Inc.COM 91116310320,763502,129SH SOLE 502,12900
Valaris LtdCL AG9460G10118,374353,544SH SOLE 353,54400
Whiting PetroleumCOM NEW 96638750841,359507,413SH SOLE 507,41300
Bank of America CNV PFD L7.25%CNV PFD L060505682264201SH SOLE 20100
Oil Sts Intl IncNOTE 1.500% 2/1678026AH82,1332,265,000SH SOLE 2,265,00000