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
AMERICAN AIRLINES GROUP INC COMMON 02376R102 1,211 38,119 SH   SOLE NONE 38,119 0 0
APPROACH RESOURCES INC COMMON 03834A103 544 1,539,034 SH   SOLE NONE 1,539,034 0 0
BLUELINX HLDGS INC COMMON 09624H208 8,291 311,236 SH   SOLE NONE 311,236 0 0
BONANZA CREEK ENERGY, INC COMMON 097793400 2,073 91,341 SH   SOLE NONE 91,341 0 0
C&J OLDCO, INC COMMON 12674R100 5,152 331,983 SH   SOLE NONE 331,983 0 0
CALIFORNIA RESOURCES CORP COMMON 13057Q206 2,571 100,000 SH   SOLE NONE 100,000 0 0
CHESAPEAKE ENERGY CORP COMMON 165167107 3,968 1,280,000 SH   SOLE NONE 1,280,000 0 0
CIVEO CORP COMMON 17878Y108 8,639 4,113,795 SH   SOLE NONE 4,113,795 0 0
CONSOLIDATED COMMUNICATIONS INC COMMON 209034107 5,664 519,122 SH   SOLE NONE 519,122 0 0
CONTURA ENERGY, INC COMMON 21241B100 11,381 196,487 SH   SOLE NONE 196,487 0 0
CUMULUS MEDIA INC CL A 231082801 2,667 148,099 SH   SOLE NONE 148,099 0 0
ENSCO PLC CL A G3157S106 4,277 1,088,373 SH   SOLE NONE 1,088,373 0 0
GENWORTH FINANCIAL INC CL A 37247D106 9,360 2,443,845 SH   SOLE NONE 2,443,845 0 0
GLOBALSTAR, INC COMMON 378973408 3,288 7,646,889 SH   SOLE NONE 7,646,889 0 0
HALCON RESOURCES CORP COMMON 40537Q605 2,790 2,066,676 SH   SOLE NONE 2,066,676 0 0
HIGHPOINT RESOURCES CORP COMMON 43114K108 2,206 998,205 SH   SOLE NONE 998,205 0 0
HOVNANIAN ENTERPRISES, INC COMMON 442487401 1,042 94,942 SH   SOLE NONE 94,942 0 0
INTELSAT S.A. COMMON L5140P101 7,970 508,934 SH   SOLE NONE 508,934 0 0
MCDERMOTT INTERNATIONAL, INC COMMON 580037703 3,413 458,745 SH   SOLE NONE 458,745 0 0
MIDSTATES PETROLEUM COMPANY, INC COMMON 59804T407 3,747 383,477 SH   SOLE NONE 383,477 0 0
NII HOLDINGS, INC CL B 62913F508 12,268 6,259,190 SH   SOLE NONE 6,259,190 0 0
P G & E CORP COMMON 69331C108 4,497 252,651 SH   SOLE NONE 252,651 0 0
PACIFIC DRILLING S.A. COMMON L7257P205 2,875 203,991 SH   SOLE NONE 203,991 0 0
PEABODY ENERGY CORP COMMON 704551100 4,351 153,571 SH   SOLE NONE 153,571 0 0
PENN VIRGINIA CORP COMMON 70788V102 2,832 64,222 SH   SOLE NONE 64,222 0 0
SANDRIDGE ENERGY, INC COMMON 80007P869 3,082 384,263 SH   SOLE NONE 384,263 0 0
SANOFI-AVENTIS EXP12/31/2020 RTS 80105N113 1,923 4,273,221 SH   SOLE NONE 4,273,221 0 0
SEADRILL LIMITED COMMON G7998G106 164 19,726 SH   SOLE NONE 19,726 0 0
SILVERBOW RESOURCES, INC COMMON 82836G102 4,768 207,302 SH   SOLE NONE 207,302 0 0
TETRA TECHNOLOGIES INC COMMON 88162F105 5,695 2,433,910 SH   SOLE NONE 2,433,910 0 0
URBAN ONE INC COMMON 91705J204 2,729 1,364,728 SH   SOLE NONE 1,364,728 0 0
VISTRA ENERGY CORP COMMON 92840M102 6,434 247,162 SH   SOLE NONE 247,162 0 0
VISTRA ENERGY CORP 35.0000 EXP02/02/2024 COMMON 92840M128 200 92,138 SH Call SOLE NONE 92,138 0 0