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 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
ALPHA NATURAL RESOURCES INC COM 02076X102 4,452 1,200,000 SH   SOLE   1,200,000 0 0
APOLLO TACTICAL INCOME FD IN COM 037638103 10,545 575,000 SH   SOLE   575,000 0 0
AXIALL CORP COM 05463D100 28,362 600,000 SH   SOLE   600,000 0 0
BARNES & NOBLE INC COM 067774109 29,529 1,295,700 SH Call SOLE   1,295,700 0 0
BLACKSTONE GSO STRATEGIC CR COM SHS BEN IN 09257R101 25,322 1,424,996 SH   SOLE   1,424,996 0 0
FOREST OIL CORP COM PAR $0.01 346091705 9,120 4,000,000 SH   SOLE   4,000,000 0 0
GENERAL MTRS CO COM 37045V100 38,522 1,061,200 SH Call SOLE   1,061,200 0 0
HALCON RES CORP COM NEW 40537Q209 52,308 7,175,300 SH Call SOLE   7,175,300 0 0
HALCON RES CORP COM NEW 40537Q209 7,290 1,000,000 SH   SOLE   1,000,000 0 0
MCDERMOTT INTL INC COM 580037109 20,225 2,500,000 SH   SOLE   2,500,000 0 0
MILLER ENERGY RES INC COM 600527105 1,360 212,500 SH Put SOLE   212,500 0 0
NAVIOS MARITIME HOLDINGS INC COM Y62196103 45,997 4,545,203 SH   SOLE   4,545,203 0 0
PEABODY ENERGY CORP COM 704549104 49,478 3,026,200 SH Call SOLE   3,026,200 0 0
PROSHARES TR REAL EST NEW 11 74348A871 1,245 79,666 SH   SOLE   79,666 0 0
SAFE BULKERS INC COM Y7388L103 34,160 3,500,000 SH   SOLE   3,500,000 0 0
UTI WORLDWIDE INC ORD G87210103 18,095 1,750,000 SH   SOLE   1,750,000 0 0
VALERO ENERGY CORP NEW COM 91913Y100 19,018 379,600 SH Call SOLE   379,600 0 0
WCI CMNTYS INC COM PAR $0.01 92923C807 13,338 690,756 SH   SOLE   690,756 0 0
WILLBROS GROUP INC DEL COM 969203108 30,875 2,500,000 SH   SOLE   2,500,000 0 0