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
ABBVIE INC COM 00287y109 6,588 40,637 SH   SOLE   40,637 0 0
AGNICO EAGLE MINES LTD COM 008474108 16,550 270,247 SH   SOLE   269,714 0 533
APACHE CORP COM 03743Q108 5,111 123,668 SH   SOLE   123,668 0 0
BAKER HUGHES A GE CO CL A COM 05722g100 1,276 35,055 SH   SOLE   35,055 0 0
BARRICK GOLD CORP COM 067901108 16,128 657,490 SH   SOLE   656,757 0 733
BERKSHIRE HATHAWAY CL B COM 084670702 37,314 105,732 SH   SOLE   105,565 0 167
BERKSHIRE HATHAWAY HLD A COM 084670108 529 1 SH   SOLE   1 0 0
CADENCE NTNL BANK GATESVILLE T COM 12740c103 767 26,213 SH   SOLE   26,213 0 0
CAMECO CORP COM 13321l108 24,459 840,506 SH   SOLE   838,571 0 1,935
CENOVUS ENERGY, INC. COM 15135U109 5,447 326,544 SH   SOLE   326,357 0 187
CHEVRON COM 166764100 37,852 232,462 SH   SOLE   232,329 0 133
CHUBB LTD INC COM H1467J104 329 1,537 SH   SOLE   1,537 0 0
CISCO SYSTEMS COM 17275R102 8,142 146,014 SH   SOLE   145,847 0 167
CONOCOPHILLIPS COM 20825c104 31,601 316,012 SH   SOLE   315,609 0 403
CORNING COM 219350105 3,722 100,846 SH   SOLE   100,573 0 273
DEVON ENERGY COM 25179m103 4,089 69,158 SH   SOLE   69,158 0 0
EASTMAN CHEMICAL COM 277432100 336 3,000 SH   SOLE   3,000 0 0
EXXON MOBIL COM 30231G102 35,730 432,620 SH   SOLE   431,807 0 813
FEDERATED HERMES, INC COM 314211103 13,299 390,469 SH   SOLE   389,717 0 752
FRANKLIN RES INC COM 354613101 14,087 504,566 SH   SOLE   503,966 0 600
FREEPORT-MCMORAN INC. COM 35671d857 11,662 234,459 SH   SOLE   234,459 0 0
GILEAD SCIENCES INC COM 375558103 10,512 176,815 SH   SOLE   176,615 0 200
GLATFELTER CORP COM 377320106 5,385 434,986 SH   SOLE   434,225 0 761
GRAFTECH INTERNATIONAL LTD COM 384313508 13,689 1,422,940 SH   SOLE   1,420,288 0 2,652
HP INC COM 40434L105 11,578 318,959 SH   SOLE   318,359 0 600
IMPERIAL OIL LTD COM 453038408 518 10,725 SH   SOLE   10,725 0 0
INTEL CORP. COM 458140100 14,130 285,109 SH   SOLE   284,592 0 517
KRAFT HEINZ COMPANY COM 500754106 12,336 313,181 SH   SOLE   312,781 0 400
LOEWS COM 540424108 8,460 130,509 SH   SOLE   130,509 0 0
LUMEN TECHNOLOGIES COM 550241103 36,594 3,246,991 SH   SOLE   3,240,919 0 6,072
MARATHON PETROLEUM CORP COM 56585a102 456 5,334 SH   SOLE   5,334 0 0
MERCK AND CO. INC. COM 58933Y105 17,671 215,366 SH   SOLE   214,939 0 427
MOSAIC COM 61945c103 42,916 645,359 SH   SOLE   644,426 0 933
MURPHY OIL CORP COM 626717102 242 6,000 SH   SOLE   6,000 0 0
NEWMONT GOLDCORP COM 651639106 49,199 619,247 SH   SOLE   618,567 0 680
ORGANON & CO COM 68622v106 733 20,987 SH   SOLE   20,945 0 42
OVINTIV INC COM 69047q102 4,295 79,426 SH   SOLE   79,122 0 304
PARAMOUNT GLOBAL COM 92556H206 23,285 615,845 SH   SOLE   614,657 0 1,188
PEMBINA PIPELINE CORP COM 706327103 1,615 42,950 SH   SOLE   42,950 0 0
PERMIAN BASIN ROYALTY TRUST COM 714236106 8,930 713,835 SH   SOLE   712,768 0 1,067
PFIZER COM 717081103 20,515 396,266 SH   SOLE   395,466 0 800
PHILLIPS 66 COM 718546104 5,780 66,903 SH   SOLE   66,903 0 0
PRECISION DRILLING CORP COM 74022d407 916 12,390 SH   SOLE   12,300 0 90
SAN JUAN BASIN ROYALTY TRUST COM 798241105 141 16,125 SH   SOLE   16,125 0 0
SANOFI COM 80105n105 12,771 248,748 SH   SOLE   248,348 0 400
TECK RESOURCES LTD CL B COM 878742204 43,011 1,064,895 SH   SOLE   1,063,762 0 1,133
TEJON RANCH CO COM 879080109 7,790 426,612 SH   SOLE   425,825 0 787
THE TRAVELERS COS., INC. COM 89417e109 447 2,448 SH   SOLE   2,448 0 0
TRANSOCEAN, LTD COM H8817H100 975 213,242 SH   SOLE   212,975 0 267
TSAKOS ENERGY NAVIGATION LTD COM g9108l173 2,677 304,569 SH   SOLE   304,569 0 0
VERIZON COMMUNICATIONS COM 92343v104 14,973 293,942 SH   SOLE   293,402 0 540
WAL-MART STORES COM 931142103 569 3,819 SH   SOLE   3,819 0 0