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
AGNICO EAGLE MINES LTD COM 008474108 325 5,280 SH   SOLE   5,280 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 8,211 397,420 SH   SOLE   397,420 0 0
ALLIANCE DATA SYSTEMS CORP COM 018581108 18,225 162,434 SH   SOLE   162,434 0 0
ALPHABET INC CAP STK CL A 02079K305 284 212 SH   SOLE   212 0 0
ALTRA INDL MOTION CORP COM 02208R106 12,521 345,777 SH   SOLE   345,777 0 0
AMERISOURCEBERGEN CORP COM 03073E105 17,959 211,237 SH   SOLE   211,237 0 0
APACHE CORP COM 037411105 24,941 974,643 SH   SOLE   974,643 0 0
ASTRONOVA INC COM 04638F108 1,148 83,655 SH   SOLE   83,655 0 0
AT&T INC COM 00206R102 4,425 113,227 SH   SOLE   113,227 0 0
ATKORE INTL GROUP INC COM 047649108 23,547 581,974 SH   SOLE   581,974 0 0
B2GOLD CORP COM 11777Q209 45 11,300 SH   SOLE   11,300 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 67,458 297,827 SH   SOLE   297,827 0 0
BROOKFIELD ASSET MGMT INC CL A LTD VT SH 112585104 413 7,141 SH   SOLE   7,141 0 0
CARPENTER TECHNOLOGY CORP COM 144285103 848 17,030 SH   SOLE   17,030 0 0
CENTENNIAL RESOURCE DEV INC CL A 15136A102 9,258 2,003,805 SH   SOLE   2,003,805 0 0
COLFAX CORP COM 194014106 32,057 881,178 SH   SOLE   881,178 0 0
COLUMBUS MCKINNON CORP N Y COM 199333105 2,323 58,036 SH   SOLE   58,036 0 0
COMSTOCK MNG INC COM NEW 205750300 382 864,700 SH   SOLE   864,700 0 0
CONOCOPHILLIPS COM 20825C104 1,158 17,805 SH   SOLE   17,805 0 0
DANAHER CORPORATION COM 235851102 15,495 100,958 SH   SOLE   100,958 0 0
DAWSON GEOPHYSICAL CO NEW COM 239360100 877 365,216 SH   SOLE   365,216 0 0
DEVON ENERGY CORP NEW COM 25179M103 7,594 292,408 SH   SOLE   292,408 0 0
DISCOVERY INC COM SER C 25470F302 23,168 759,851 SH   SOLE   759,851 0 0
DMC GLOBAL INC COM 23291C103 34,207 761,177 SH   SOLE   761,177 0 0
DOLLAR TREE INC COM 256746108 10,320 109,728 SH   SOLE   109,728 0 0
DOUGLAS DYNAMICS INC COM 25960R105 223 4,055 SH   SOLE   4,055 0 0
ERA GROUP INC COM 26885G109 15,208 1,495,363 SH   SOLE   1,495,363 0 0
EXXON MOBIL CORP COM 30231G102 304 4,363 SH   SOLE   4,363 0 0
FLIR SYS INC COM 302445101 1,211 23,260 SH   SOLE   23,260 0 0
GRANITE CONSTR INC COM 387328107 21,545 778,632 SH   SOLE   778,632 0 0
GREIF INC CL A 397624107 2,959 66,941 SH   SOLE   66,941 0 0
HALLIBURTON CO COM 406216101 10,706 437,501 SH   SOLE   437,501 0 0
HELIOS TECHNOLOGIES INC COM 42328H109 841 18,190 SH   SOLE   18,190 0 0
HILLENBRAND INC COM 431571108 1,166 35,000 SH   SOLE   35,000 0 0
INTERACTIVE BROKERS GROUP IN COM CL A 45841N107 6,459 138,555 SH   SOLE   138,555 0 0
ISHARES TR RUSSELL 2000 ETF 464287655 3,385 20,430 SH   SOLE   20,430 0 0
LIBERTY MEDIA CORP DELAWARE COM SER C FRMLA 531229854 2,223 48,359 SH   SOLE   48,359 0 0
LIBERTY MEDIA CORP DELAWARE COM C BRAVES GRP 531229888 7,943 268,874 SH   SOLE   268,874 0 0
LYDALL INC DEL COM 550819106 1,376 67,053 SH   SOLE   67,053 0 0
MALIBU BOATS INC COM CL A 56117J100 1,167 28,500 SH   SOLE   28,500 0 0
MANITOWOC CO INC COM NEW 563571405 10,534 601,952 SH   SOLE   601,952 0 0
MARKEL CORP COM 570535104 947 828 SH   SOLE   828 0 0
MCKESSON CORP COM 58155Q103 12,619 91,227 SH   SOLE   91,227 0 0
MURPHY OIL CORP COM 626717102 5,560 207,459 SH   SOLE   207,459 0 0
NEXTIER OILFIELD SOLUTIONS I COM 65290C105 335 50,000 SH   SOLE   50,000 0 0
PARSLEY ENERGY INC CL A 701877102 1,593 84,255 SH   SOLE   84,255 0 0
PATTERSON UTI ENERGY INC COM 703481101 11,082 1,055,398 SH   SOLE   1,055,398 0 0
POLYONE CORP COM 73179P106 331 9,000 SH   SOLE   9,000 0 0
POST HLDGS INC COM 737446104 9,082 83,249 SH   SOLE   83,249 0 0
READING INTERNATIONAL INC CL A 755408101 3,307 295,491 SH   SOLE   295,491 0 0
SCHLUMBERGER LTD COM 806857108 31,740 789,549 SH   SOLE   789,549 0 0
SEABRIDGE GOLD INC COM 811916105 17,113 1,238,309 SH   SOLE   1,238,309 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 7,056 49,377 SH   SOLE   49,377 0 0
SPROTT PHYSICAL GOLD & SILVE TR UNIT 85208R101 2,389 162,945 SH   SOLE   162,945 0 0
SUNCOR ENERGY INC NEW COM 867224107 305 9,295 SH   SOLE   9,295 0 0
SYNALLOY CP DEL COM 871565107 3,869 299,726 SH   SOLE   299,726 0 0
TRANSOCEAN LTD REG SHS H8817H100 13,715 1,993,496 SH   SOLE   1,993,496 0 0
TRIMAS CORP COM NEW 896215209 10,813 344,263 SH   SOLE   344,263 0 0
UNIT CORP COM 909218109 10 14,059 SH   SOLE   14,059 0 0
VALARIS PLC SHS CLASS A G9402V109 5,746 875,933 SH   SOLE   875,933 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 6,189 100,801 SH   SOLE   100,801 0 0
WELLS FARGO CO NEW COM 949746101 31,947 593,816 SH   SOLE   593,816 0 0
WESTROCK CO COM 96145D105 15,618 363,982 SH   SOLE   363,982 0 0
YAMANA GOLD INC COM 98462Y100 54 13,795 SH   SOLE   13,795 0 0
ZIX CORP COM 98974P100 339 50,000 SH   SOLE   50,000 0 0