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
ANADARKO PETE CORP COM 032511107 1,831 25,000 SH   SOLE   25,000 0 0
ANTERO MIDSTREAM GP LP COM SHS REPSTG 03675Y103 1,592 84,416 SH   SOLE   84,416 0 0
ANTERO RES CORP COM 03674X106 123,056 5,763,732 SH   SOLE   5,763,732 0 0
ANTERO RES CORP COM 03674X106 140 700,000 SH Call OTR   0 0 700,000
ARCH COAL INC CL A 039380407 14,216 181,258 SH   SOLE   181,258 0 0
BASIC ENERGY SVCS INC NEW COM NEW 06985P209 21,506 1,935,693 SH   SOLE   1,935,693 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 26,906 1,140,095 SH   SOLE   1,140,095 0 0
CALLON PETE CO DEL COM 13123X102 35,343 3,290,753 SH   SOLE   3,290,753 0 0
CAMECO CORP COM 13321L108 25 1,000,000 SH Put OTR   0 0 1,000,000
CHENIERE ENERGY INC COM NEW 16411R208 678 10,399 SH   SOLE   10,399 0 0
CHENIERE ENERGY PTNRS LP HLD COM REP LLC IN 16411W108 579 18,410 SH   SOLE   18,410 0 0
CIMAREX ENERGY CO COM 171798101 120,770 1,187,045 SH   SOLE   1,187,045 0 0
CLEVELAND CLIFFS INC COM 185899101 23,870 2,831,503 SH   SOLE   2,831,503 0 0
CNX RESOURCES CORPORATION COM 12653C108 104,832 5,896,087 SH   SOLE   5,896,087 0 0
CONSOL ENERGY INC NEW COM 20854L108 2,190 57,094 SH   SOLE   57,094 0 0
CREDIT SUISSE NASSAU BRH 3X LONG GOLD 22542D688 2,962 316,162 SH   SOLE   316,162 0 0
CSX CORP COM 126408103 829 13,000 SH   SOLE   13,000 0 0
DEVON ENERGY CORP NEW COM 25179M103 2,728 62,052 SH   SOLE   62,052 0 0
DEVON ENERGY CORP NEW COM 25179M103 8,367 1,859,300 SH Call OTR   0 0 1,859,300
ENERGY RECOVERY INC COM 29270J100 940 116,356 SH   SOLE   116,356 0 0
EQT CORP COM 26884L109 58,346 1,057,369 SH   SOLE   1,057,369 0 0
FTS INTERNATIONAL INC COM 30283W104 26,929 1,891,085 SH   SOLE   1,891,085 0 0
GENESEE & WYO INC CL A 371559105 366 4,500 SH   SOLE   4,500 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101 871 60,000 SH   SOLE   60,000 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 17,875 2,145,828 SH   SOLE   2,145,828 0 0
HESS CORP COM 42809H107 67,473 1,008,716 SH   SOLE   1,008,716 0 0
HIGHPOINT RES CORP COM 43114K108 365 60,000 SH   SOLE   60,000 0 0
INTL PAPER CO COM 460146103 969 18,600 SH   SOLE   18,600 0 0
KINDER MORGAN INC DEL COM 49456B101 1,210 68,500 SH   SOLE   68,500 0 0
LAREDO PETROLEUM INC COM 516806106 13,779 1,432,282 SH   SOLE   1,432,282 0 0
LILIS ENERGY INC COM NEW 532403201 12,551 2,413,574 SH   SOLE   2,413,574 0 0
LOUISIANA PAC CORP COM 546347105 20,779 763,377 SH   SOLE   763,377 0 0
MARATHON OIL CORP COM 565849106 1,569 75,201 SH   SOLE   75,201 0 0
MURPHY USA INC COM 626755102 710 400,000 SH Put OTR   0 0 400,000
NOBLE ENERGY INC COM 655044105 21,691 614,822 SH   SOLE   614,822 0 0
NORBORD INC COM NEW 65548P403 6,055 147,264 SH   SOLE   147,264 0 0
NORFOLK SOUTHERN CORP COM 655844108 407 2,700 SH   SOLE   2,700 0 0
OASIS PETE INC NEW COM 674215108 259 20,000 SH   SOLE   20,000 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 366 4,375 SH   SOLE   4,375 0 0
PARSLEY ENERGY INC CL A 701877102 119,400 3,943,205 SH   SOLE   3,943,205 0 0
PATTERSON UTI ENERGY INC COM 703481101 4,195 233,046 SH   SOLE   233,046 0 0
PEABODY ENERGY CORP NEW COM 704551100 57,988 1,275,025 SH   SOLE   1,275,025 0 0
PEMBINA PIPELINE CORP COM 706327103 1,075 31,056 SH   SOLE   31,056 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 10,986 1,242,705 SH   SOLE   1,242,705 0 0
PIONEER NAT RES CO COM 723787107 78,392 414,244 SH   SOLE   414,244 0 0
PIONEER NAT RES CO COM 723787107 8,075 700,000 SH Call OTR   0 0 700,000
PROSHARES TR II ULTRA SILVER NEW 74347W353 8,819 297,320 SH   SOLE   297,320 0 0
QEP RES INC COM 74733V100 14,129 1,152,439 SH   SOLE   1,152,439 0 0
RANGE RES CORP COM 75281A109 339 2,071,400 SH Call OTR   0 0 2,071,400
RANGE RES CORP COM 75281A109 139,862 8,359,946 SH   SOLE   8,359,946 0 0
ROWAN COMPANIES PLC SHS CL A G7665A101 22,713 1,400,286 SH   SOLE   1,400,286 0 0
SM ENERGY CO COM 78454L100 127,074 4,946,420 SH   SOLE   4,946,420 0 0
SOUTHWESTERN ENERGY CO COM 845467109 45,075 8,504,680 SH   SOLE   8,504,680 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 19,343 163,026 SH   SOLE   163,026 0 0
TARGA RES CORP COM 87612G101 866 17,500 SH   SOLE   17,500 0 0
TECK RESOURCES LTD CL B 878742204 29,956 1,176,774 SH   SOLE   1,176,774 0 0
TELLURIAN INC NEW COM 87968A104 349 42,000 SH   SOLE   42,000 0 0
TEXAS PAC LD TR SUB CTF PROP I T 882610108 9,906 14,246 SH   SOLE   14,246 0 0
TURQUOISE HILL RES LTD COM 900435108 24,870 8,774,059 SH   SOLE   8,774,059 0 0
VALE S A ADR 91912E105 7,500 585,000 SH   SOLE   585,000 0 0
WARRIOR MET COAL INC COM 93627C101 40,016 1,451,432 SH   SOLE   1,451,432 0 0
WESTROCK CO COM 96145D105 1,448 25,400 SH   SOLE   25,400 0 0
WHITING PETE CORP NEW COM NEW 966387409 791 15,000 SH   SOLE   15,000 0 0
WPX ENERGY INC COM 98212B103 1,086 60,251 SH   SOLE   60,251 0 0