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
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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 1,483 22,000 SH   SOLE   22,000 0 0
ANTERO MIDSTREAM GP LP COM SHS REPSTG 03675Y103 12,047 712,000 SH   SOLE   712,000 0 0
ANTERO RES CORP COM 03674X106 114,238 6,450,506 SH   SOLE   6,450,506 0 0
ANTERO RES CORP COM 03674X106 6,828 6,216,600 SH Call OTR   0 0 6,216,600
ARCH COAL INC CL A 039380407 15,573 174,192 SH   SOLE   174,192 0 0
BASIC ENERGY SVCS INC NEW COM NEW 06985P209 15,299 1,531,387 SH   SOLE   1,531,387 0 0
C&J ENERGY SVCS INC NEW COM 12674R100 34,815 1,673,816 SH   SOLE   1,673,816 0 0
CALLON PETE CO DEL COM 13123X102 45,994 3,836,027 SH   SOLE   3,836,027 0 0
CHENIERE ENERGY INC COM NEW 16411R208 1,066 15,342 SH   SOLE   15,342 0 0
CIMAREX ENERGY CO COM 171798101 6,206 880,300 SH Call OTR   0 0 880,300
CIMAREX ENERGY CO COM 171798101 94,672 1,018,637 SH   SOLE   1,018,637 0 0
CLEVELAND CLIFFS INC COM 185899101 42,271 3,338,943 SH   SOLE   3,338,943 0 0
CLEVELAND CLIFFS INC COM 185899101 7,640 4,000,000 SH Call OTR   0 0 4,000,000
CNX RESOURCES CORPORATION COM 12653C108 97,155 6,789,300 SH   SOLE   6,789,300 0 0
CONSOL ENERGY INC NEW COM 20854L108 7,887 193,265 SH   SOLE   193,265 0 0
CREDIT SUISSE NASSAU BRH 3X LONG GOLD 22542D688 8,500 1,081,450 SH   SOLE   1,081,450 0 0
CRESCENT PT ENERGY CORP COM 22576C101 6,868 1,080,400 SH   SOLE   1,080,400 0 0
CSX CORP COM 126408103 848 11,445 SH   SOLE   11,445 0 0
DEVON ENERGY CORP NEW COM 25179M103 1,550 38,802 SH   SOLE   38,802 0 0
DIAMONDBACK ENERGY INC COM 25278X109 260 1,925 SH   SOLE   1,925 0 0
DOMTAR CORP COM NEW 257559203 8,812 168,907 SH   SOLE   168,907 0 0
ENBRIDGE INC COM 29250N105 710 22,000 SH   SOLE   22,000 0 0
ENERGY RECOVERY INC COM 29270J100 998 111,505 SH   SOLE   111,505 0 0
ENSCO PLC SHS CLASS A G3157S106 9,284 1,100,000 SH   SOLE   1,100,000 0 0
EQT CORP COM 26884L109 32,358 731,590 SH   SOLE   731,590 0 0
FTS INTERNATIONAL INC COM 30283W104 27,374 2,321,778 SH   SOLE   2,321,778 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101 9,296 663,523 SH   SOLE   663,523 0 0
HELIX ENERGY SOLUTIONS GRP I COM 42330P107 24,191 2,448,520 SH   SOLE   2,448,520 0 0
HESS CORP COM 42809H107 53,016 740,658 SH   SOLE   740,658 0 0
KINDER MORGAN INC DEL COM 49456B101 1,427 80,500 SH   SOLE   80,500 0 0
LAREDO PETROLEUM INC COM 516806106 13,741 1,681,867 SH   SOLE   1,681,867 0 0
LOUISIANA PAC CORP COM 546347105 11,009 415,590 SH   SOLE   415,590 0 0
MAGNOLIA OIL & GAS CORP CL A 559663109 450 30,000 SH   SOLE   30,000 0 0
MARATHON OIL CORP COM 565849106 1,006 43,201 SH   SOLE   43,201 0 0
MURPHY USA INC PUT 626755952 220 4,000 SH Put OTR   0 0 4,000
NOBLE ENERGY INC COM 655044105 22,713 728,221 SH   SOLE   728,221 0 0
NORFOLK SOUTHERN CORP COM 655844108 1,180 6,540 SH   SOLE   6,540 0 0
PARSLEY ENERGY INC CL A 701877102 31,328 1,071,037 SH   SOLE   1,071,037 0 0
PATTERSON UTI ENERGY INC COM 703481101 19,415 1,134,695 SH   SOLE   1,134,695 0 0
PDC ENERGY INC COM 69327R101 405 8,280 SH   SOLE   8,280 0 0
PEABODY ENERGY CORP NEW COM 704551100 31,077 871,977 SH   SOLE   871,977 0 0
PEMBINA PIPELINE CORP COM 706327103 1,055 31,056 SH   SOLE   31,056 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 12,243 1,170,457 SH   SOLE   1,170,457 0 0
PIONEER NAT RES CO COM 723787107 99,032 568,529 SH   SOLE   568,529 0 0
PIONEER NAT RES CO COM 723787107 2,993 700,000 SH Call OTR   0 0 700,000
PROSHARES TR II ULTRA SILVER NEW 74347W353 6,517 270,764 SH   SOLE   270,764 0 0
QEP RES INC COM 74733V100 204 18,000 SH   SOLE   18,000 0 0
RANGE RES CORP COM 75281A109 106,369 6,260,689 SH   SOLE   6,260,689 0 0
RANGE RES CORP COM 75281A109 13,895 13,829,700 SH Call OTR   0 0 13,829,700
ROWAN COMPANIES PLC SHS CL A G7665A101 8,825 468,692 SH   SOLE   468,692 0 0
SM ENERGY CO COM 78454L100 110,809 3,514,387 SH   SOLE   3,514,387 0 0
SOUTHWESTERN ENERGY CO COM 845467109 70,513 13,799,075 SH   SOLE   13,799,075 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 23,309 206,714 SH   SOLE   206,714 0 0
TARGA RES CORP COM 87612G101 7,546 134,000 SH   SOLE   134,000 0 0
TARGA RES CORP COM 87612G101 2,800 1,750,000 SH Call OTR   0 0 1,750,000
TECHNIPFMC PLC COM G87110105 3,869 123,805 SH   SOLE   123,805 0 0
TECK RESOURCES LTD CL B 878742204 21,745 902,350 SH   SOLE   902,350 0 0
TELLURIAN INC NEW COM 87968A104 377 42,000 SH   SOLE   42,000 0 0
TURQUOISE HILL RES LTD COM 900435108 40,056 18,857,201 SH   SOLE   18,857,201 0 0
WARRIOR MET COAL INC COM 93627C101 37,299 1,379,398 SH   SOLE   1,379,398 0 0
WESTROCK CO COM 96145D105 9,220 172,522 SH   SOLE   172,522 0 0
WEYERHAEUSER CO PUT 962166954 675 10,000 SH Put OTR   0 0 10,000
WHITING PETE CORP NEW COM NEW 966387409 488 9,200 SH   SOLE   9,200 0 0
WILLIAMS COS INC DEL COM 969457100 1,360 50,000 SH   SOLE   50,000 0 0