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
A T & T Inc. COM 00206R102 229 6,420 SH   SOLE   0 0 6,420
Amarin Corp Plc New Adrf Sponsored ADR New 23111206 1,110 76,750 SH   SOLE   0 0 76,750
Antares Pharma Inc COM 36642106 56 15,500 SH   SOLE   0 0 15,500
Apple Computer Inc COM 37833100 809 1,386 SH   SOLE   0 0 1,386
Baker Hughes Inc COM 057224107 6,856 166,818 SH   SOLE   0 0 166,818
Bank Of America Corp COM 60505104 108 13,201 SH   SOLE   0 0 13,201
Berkshire Hathaway Cl B CLB 84670207 485 5,817 SH   SOLE   0 0 5,817
Boston Scientific Corp COM 101137107 58 10,250 SH   SOLE   0 0 10,250
Cenovus Energy Inc COM 15135U109 7,599 238,950 SH   SOLE   0 0 238,950
Chevrontexaco Corp COM 166764100 259 2,455 SH   SOLE   0 0 2,455
Chimera Investment Corp COM 16934Q109 30 12,500 SH   SOLE   0 0 12,500
Companhia Vale Do Adr COM 91912E105 7,217 363,592 SH   SOLE   0 0 363,592
Exxon Mobil Corporation COM 30231G102 427 4,995 SH   SOLE   0 0 4,995
Gencor Industries Inc COM 368678108 128 17,000 SH   SOLE   0 0 17,000
Goldman Sachs Group Inc COM 38141G104 262 2,737 SH   SOLE   0 0 2,737
Hertz Global Hldgs Inc COM 42805T105 6,759 528,029 SH   SOLE   0 0 528,029
Metlife Inc COM 59156R108 5,917 191,796 SH   SOLE   0 0 191,796
National Oilwell Varco COM 637071101 8,983 139,407 SH   SOLE   0 0 139,407
Newcastle Investment Cp COM 65105M108 8,955 1,336,544 SH   SOLE   0 0 13,365
Promotora De Info Adr Bf ADR CL B Conv 74343G303 2,689 936,824 SH   SOLE   0 0 936,824
Proshs Ultrashrt S&P PSHS ULSHT SP500 74347R883 5,517 353,887 SH   SOLE   0 0 353,887
Prudential Financial Inc Com 744320102 1,791 36,987 SH   SOLE   0 0 36,987
Seadrill Ltd SHS G7945E105 8,086 227,632 SH   SOLE   0 0 227,632
Sigma Aldrich Corp COM 826552101 282 3,820 SH   SOLE   0 0 3,820
Sino Clean Energy New Com New 82936G200 0 20,000 SH   SOLE   0 0 20,000
Sirius Satellite Radio COM 86967N108 19 10,400 SH   SOLE   0 0 10,400
Superior Energy Services COM 868157108 8,315 411,033 SH   SOLE   0 0 411,033
Teekay Lng Partners LPF Partnership UN Y8564M105 24,315 630,735 SH   SOLE   0 0 630,735
Teekay Offshore Partners Partnership Units Y8565J101 27,297 976,638 SH   SOLE   0 0 976,638
Teekay Tankers Ltd Cl Af CL A Y8565N102 11,665 2,558,223 SH   SOLE   0 0 2,558,223