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
ABBVIE INC COM 00287y109   5,952,562 39,934 SH   SOLE   39,934 0 0
AGNICO EAGLE MINES LTD COM 008474108   13,531,874 297,731 SH   SOLE   297,731 0 0
ALAMOS GOLD INC FCLASS A COM 011532108   462,201 40,939 SH   SOLE   40,939 0 0
AMBEV SA SPON ADR COM 02319V103   7,071,860 2,741,031 SH   SOLE   2,741,031 0 0
APACHE CORP COM 03743Q108   5,734,476 139,525 SH   SOLE   139,525 0 0
BAKER HUGHES A GE CO CL A COM 05722g100   973,066 27,550 SH   SOLE   27,550 0 0
BARRICK GOLD CORP COM 067901108   10,149,375 697,552 SH   SOLE   697,552 0 0
BERKSHIRE HATHAWAY CL B COM 084670702   36,114,178 103,095 SH   SOLE   103,095 0 0
BERKSHIRE HATHAWAY HLD A COM 084670108   2,657,385 5 SH   SOLE   5 0 0
CAMECO CORP COM 13321l108   33,490,805 844,874 SH   SOLE   844,874 0 0
CENOVUS ENERGY, INC. COM 15135U109   8,105,022 389,290 SH   SOLE   389,290 0 0
CHEVRON COM 166764100   39,818,433 236,143 SH   SOLE   236,143 0 0
CHUBB LTD INC COM H1467J104   448,420 2,154 SH   SOLE   2,154 0 0
CISCO SYSTEMS COM 17275R102   7,807,619 145,231 SH   SOLE   145,231 0 0
CONOCOPHILLIPS COM 20825c104   36,652,028 305,943 SH   SOLE   305,943 0 0
CORNING COM 219350105   3,026,128 99,315 SH   SOLE   99,315 0 0
DEVON ENERGY COM 25179m103   3,536,049 74,131 SH   SOLE   74,131 0 0
EXXON MOBIL COM 30231G102   51,320,133 436,470 SH   SOLE   436,470 0 0
FEDERATED HERMES, INC COM 314211103   13,822,260 408,097 SH   SOLE   408,097 0 0
FRANKLIN RESOURCES INC COM COM 354613101   13,833,662 562,802 SH   SOLE   562,802 0 0
FREEPORT-MCMORAN INC. COM 35671d857   8,885,424 238,279 SH   SOLE   238,279 0 0
GILEAD SCIENCES INC COM 375558103   14,703,169 196,199 SH   SOLE   196,199 0 0
GLATFELTER CORP COM 377320106   965,304 482,652 SH   SOLE   482,652 0 0
GRAFTECH INTERNATIONAL LTD COM 384313508   6,067,682 1,584,251 SH   SOLE   1,584,251 0 0
HP INC COM 40434L105   9,586,485 373,015 SH   SOLE   373,015 0 0
IMPERIAL OIL LTD COM 453038408   432,670 7,025 SH   SOLE   7,025 0 0
INTEL CORP. COM 458140100   19,161,521 539,002 SH   SOLE   539,002 0 0
INTERNATIONAL BUSINESS MACHINE COM 459200101   203,295 1,449 SH   SOLE   1,449 0 0
KRAFT HEINZ COMPANY COM 500754106   10,788,684 320,710 SH   SOLE   320,710 0 0
LOEWS COM 540424108   7,603,784 120,104 SH   SOLE   120,104 0 0
LUMEN TECHNOLOGIES COM 550241103   4,442,422 3,128,466 SH   SOLE   3,128,466 0 0
MARATHON PETROLEUM CORP COM 56585a102   745,955 4,929 SH   SOLE   4,929 0 0
MERCK AND CO. INC. COM 58933Y105   20,571,778 199,823 SH   SOLE   199,823 0 0
MOSAIC COM 61945c103   22,166,527 622,655 SH   SOLE   622,655 0 0
MURPHY OIL CORP COM 626717102   274,367 6,050 SH   SOLE   6,050 0 0
NEWMONT GOLDCORP COM 651639106   24,766,810 670,279 SH   SOLE   670,279 0 0
ORGANON & CO COM 68622v106   216,340 12,462 SH   SOLE   12,462 0 0
OVINTIV INC COM 69047q102   3,932,374 82,665 SH   SOLE   82,665 0 0
PARAMOUNT GLOBAL COM 92556H206   13,494,647 1,046,097 SH   SOLE   1,046,097 0 0
PARK AEROSPACE CORP COM 70014A104   3,454,431 222,436 SH   SOLE   222,436 0 0
PERMIAN BASIN ROYALTY TRUST COM 714236106   14,385,464 676,963 SH   SOLE   676,963 0 0
PFIZER INC COM COM 717081103   15,604,727 470,447 SH   SOLE   470,447 0 0
PHILLIPS 66 COM 718546104   8,011,602 66,680 SH   SOLE   66,680 0 0
SAN JUAN BASIN ROYALTY TRUST COM 798241105   111,746 16,125 SH   SOLE   16,125 0 0
SANOFI COM 80105n105   14,289,374 266,394 SH   SOLE   266,394 0 0
TECK RESOURCES LTD CL B COM 878742204   45,538,012 1,056,812 SH   SOLE   1,056,812 0 0
TEJON RANCH CO COM 879080109   7,637,803 470,888 SH   SOLE   470,888 0 0
THE TRAVELERS COS., INC. COM 89417e109   451,552 2,765 SH   SOLE   2,765 0 0
TRANSOCEAN, LTD COM H8817H100   1,601,484 195,065 SH   SOLE   195,065 0 0
TSAKOS ENERGY NAVIGATION LTD COM g9108l173   6,413,768 308,651 SH   SOLE   308,651 0 0
VERIZON COMMUNICATIONS INC COM COM 92343V104   20,401,706 629,488 SH   SOLE   629,488 0 0
WAL-MART STORES COM 931142103   1,020,993 6,384 SH   SOLE   6,384 0 0