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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AGCO CORP COM 001084102 27,349 544,919 SH   SOLE   544,919 0 0
ANADARKO PETE CORP COM 032511107 61,856 719,846 SH   SOLE   719,846 0 0
CF INDS HLDGS INC COM 125269100 1,810 10,554 SH   SOLE   10,554 0 0
CHESAPEAKE ENERGY CORP COM 165167107 49,466 2,427,200 SH Put SOLE   2,427,200 0 0
DOMINION DIAMOND CORP COM 257287102 11,369 804,568 SH   SOLE   804,568 0 0
EASTMAN CHEM CO COM 277432100 16,148 230,650 SH   SOLE   230,650 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 23,109 836,994 SH   SOLE   836,994 0 0
GRAN TIERRA ENERGY INC COM 38500T101 11,652 1,938,687 SH   SOLE   1,938,687 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101 12,164 1,571,570 SH   SOLE   1,571,570 0 0
HOLLYFRONTIER CORP COM 436106108 20,074 469,227 SH   SOLE   469,227 0 0
HUNTSMAN CORP COM 447011107 15,667 946,058 SH   SOLE   946,058 0 0
INTL PAPER CO COM 460146103 11,838 267,154 SH   SOLE   267,154 0 0
LYONDELLBASELL INDUSTRIES N SHS - A - N53745100 35,981 543,029 SH   SOLE   543,029 0 0
MARATHON PETE CORP COM 56585A102 16,223 228,304 SH   SOLE   228,304 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 23,392 262,154 SH   SOLE   262,154 0 0
QEP RES INC COM 74733V100 26,483 953,327 SH   SOLE   953,327 0 0
RIO TINTO PLC SPONSORED ADR 767204100 14,045 341,896 SH   SOLE   341,896 0 0
RIO TINTO PLC SPONSORED ADR 767204100 49,296 1,200,000 SH Call SOLE   1,200,000 0 0
ROCK-TENN CO CL A 772739207 27,464 274,965 SH   SOLE   274,965 0 0
ROSETTA RESOURCES INC COM 777779307 22,692 533,668 SH   SOLE   533,668 0 0
SANDERSON FARMS INC COM 800013104 19,749 297,342 SH   SOLE   297,342 0 0
TESORO CORP COM 881609101 16,636 317,971 SH   SOLE   317,971 0 0
VALERO ENERGY CORP NEW COM 91913Y100 16,626 478,169 SH   SOLE   478,169 0 0
WESTERN REFNG INC COM 959319104 11,086 394,942 SH   SOLE   394,942 0 0