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
ADVANCED MICRO DEVICES INC CALL 007903907   712,005 3,500 SH Call SOLE   3,500 0 0
ALASKA AIR GROUP INC COM 011659109   1,045,655 28,430 SH   SOLE   28,430 0 0
AMPLIFY ENERGY CORP NEW COM 03212B103   816,454 130,842 SH   SOLE   130,842 0 0
ARIS MINING CORPORATION COM 04040Y109   21,310,412 1,147,572 SH   SOLE   1,147,572 0 0
B2GOLD CORP CALL 11777Q909   1,132,953 250,100 SH Call SOLE   250,100 0 0
BAYTEX ENERGY CORP COM 07317Q105   8,427,318 1,885,306 SH   SOLE   1,885,306 0 0
BRP INC COM SUN VTG 05577W200   2,878,504 40,085 SH   SOLE   40,085 0 0
BUNGE GLOBAL SA CALL H11356904   6,499,920 51,100 SH Call SOLE   51,100 0 0
CAMPING WORLD HLDGS INC CL A 13462K109   3,123,154 457,270 SH   SOLE   457,270 0 0
CF INDUSTRIES HOLD PUT 125269950   19,476,000 150,000 SH Put SOLE   150,000 0 0
CHENIERE ENERGY INC COM NEW 16411R208   2,298,456 8,100 SH   SOLE   8,100 0 0
CONTROLADORA VUELA COMP DE A SPON ADR RP 10 21240E105   11,143,041 1,539,094 SH   SOLE   1,539,094 0 0
CORE NATURAL RESOURCES INC COM SHS 218937100   23,543,199 224,799 SH   SOLE   224,799 0 0
DARLING INGREDIENTS INC CALL 237266901   27,832,500 450,000 SH Call SOLE   450,000 0 0
DELEK US HLDGS INC NEW COM 24665A103   16,808,271 372,937 SH   SOLE   372,937 0 0
DELEK US HLDGS INC NEW CALL 24665A903   2,253,500 50,000 SH Call SOLE   50,000 0 0
DHT HOLDINGS INC SHS NEW Y2065G121   4,415,786 241,696 SH   SOLE   241,696 0 0
EASTMAN CHEM CO COM 277432100   6,464,304 84,700 SH   SOLE   84,700 0 0
EQUINOX GOLD CORP COM 29446Y502   12,882,689 890,919 SH   SOLE   890,919 0 0
EXPRO GROUP HOLDINGS NV COM N3144W105   950,586 54,600 SH   SOLE   54,600 0 0
FERMI INC PUT 314911958   292,000 50,000 SH Put SOLE   50,000 0 0
FERROGLOBE PLC SHS G33856108   4,465,108 1,083,764 SH   SOLE   1,083,764 0 0
FREEPORT MCMORAN INC CALL 35671D907   8,817,000 150,000 SH Call SOLE   150,000 0 0
FRONTIER GROUP HLDGS INC CALL 35909R908   353,000 100,000 SH Call SOLE   100,000 0 0
FUTUREFUEL CORP COM 36116M106   365,300 94,883 SH   SOLE   94,883 0 0
FUTUREFUEL CORP CALL 36116M906   2,695,000 700,000 SH Call SOLE   700,000 0 0
HARLEY DAVIDSON INC COM 412822108   2,842,932 140,600 SH   SOLE   140,600 0 0
HF SINCLAIR CORP COM 403949100   35,318,355 566,090 SH   SOLE   566,090 0 0
HF SINCLAIR CORP CALL 403949900   4,367,300 70,000 SH Call SOLE   70,000 0 0
HUT 8 CORP COM 44812J104   1,387,363 29,575 SH   SOLE   29,575 0 0
INFINITY NAT RES INC COM CL A 456941103   207,270 11,770 SH   SOLE   11,770 0 0
IREN LIMITED ORDINARY SHARES Q4982L109   702,740 20,500 SH   SOLE   20,500 0 0
JETBLUE AIRWAYS CORP CALL 477143901   853,060 193,000 SH Call SOLE   193,000 0 0
KOSMOS ENERGY LTD COM 500688106   2,577,641 927,209 SH   SOLE   927,209 0 0
MP MATERIALS CORP CALL 553368901   965,200 20,000 SH Call SOLE   20,000 0 0
NORDIC AMERICAN TANKERS LIMI COM G65773106   1,985,954 338,900 SH   SOLE   338,900 0 0
NVIDIA CORPORATION COM 67066G104   1,419,616 8,140 SH   SOLE   8,140 0 0
OKEANIS ECO TANKERS COR SHS Y64177101   2,787,509 55,100 SH   SOLE   55,100 0 0
OLIN CORP COM PAR $1 680665205   3,983,820 134,000 SH   SOLE   134,000 0 0
OSISKO DEVELOPMENT CORP COM NEW 68828E809   2,567,500 790,000 SH   SOLE   790,000 0 0
PAR PAC HOLDINGS INC COM NEW 69888T207   2,803,140 44,750 SH   SOLE   44,750 0 0
PEABODY ENGR CORP COM 704551100   7,629,671 231,553 SH   SOLE   231,553 0 0
PERMIAN RESOURCES CORP CLASS A COM 71424F105   10,901,897 511,346 SH   SOLE   511,346 0 0
POLARIS INC COM 731068102   3,748,783 68,785 SH   SOLE   68,785 0 0
RANGER ENERGY SVCS INC COM CL A 75282U104   1,266,320 73,881 SH   SOLE   73,881 0 0
RICE ACQUISITION CORP 3 UNIT 99/99/9999 G7553X122   5,367,087 506,329 SH   SOLE   506,329 0 0
RIOT PLATFORMS INC COM 767292105   834,300 67,500 SH   SOLE   67,500 0 0
ROYAL GOLD INC COM 780287108   9,482,806 37,262 SH   SOLE   37,262 0 0
RYANAIR HOLDINGS PLC SPONSORED ADR 783513203   3,177,844 54,980 SH   SOLE   54,980 0 0
SCORPIO TANKERS INC SHS Y7542C130   4,618,094 61,855 SH   SOLE   61,855 0 0
SOLARIS RES INC COM NEW 83419D201   1,326,743 154,632 SH   SOLE   154,632 0 0
SOUTHWEST AIRLS CO COM 844741108   10,820,198 288,001 SH   SOLE   288,001 0 0
SSR MINING IN COM 784730103   16,137,660 548,900 SH   SOLE   548,900 0 0
STEEL DYNAMICS INC COM 858119100   18,954,000 105,300 SH   SOLE   105,300 0 0
VANECK ETF TRUST CALL 92189F906   2,753,100 30,000 SH Call SOLE   30,000 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363   10,158,350 17,000 SH   SOLE   17,000 0 0
WESTLAKE CORPORATION COM 960413102   8,527,860 73,000 SH   SOLE   73,000 0 0