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 FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABBVIE INC COM 00287y109   6,149,675 39,683 SH   SOLE   39,683 0 0
AGNICO EAGLE MINES LTD COM 008474108   16,867,691 307,524 SH   SOLE   307,524 0 0
ALAMOS GOLD INC FCLASS A COM 011532108   551,448 40,939 SH   SOLE   40,939 0 0
AMBEV SA SPON ADR COM 02319V103   7,785,750 2,780,625 SH   SOLE   2,780,625 0 0
APACHE CORP COM 03743Q108   5,109,490 142,405 SH   SOLE   142,405 0 0
BARRICK GOLD CORP COM 067901108   12,634,355 698,417 SH   SOLE   698,417 0 0
BERKSHIRE HATHAWAY CL B COM 084670702   35,909,242 100,682 SH   SOLE   100,682 0 0
BERKSHIRE HATHAWAY HLD A COM 084670108   2,713,125 5 SH   SOLE   5 0 0
CAMECO CORP COM 13321l108   35,520,994 824,153 SH   SOLE   824,153 0 0
CENOVUS ENERGY, INC. COM 15135U109   6,683,230 401,395 SH   SOLE   401,395 0 0
CHEVRON COM 166764100   35,592,708 238,621 SH   SOLE   238,621 0 0
CHUBB LTD INC COM H1467J104   481,154 2,129 SH   SOLE   2,129 0 0
CISCO SYSTEMS COM 17275R102   7,453,266 147,531 SH   SOLE   147,531 0 0
CNH INDUSTRIAL NV COM n20944109   7,624,242 625,964 SH   SOLE   625,964 0 0
CONOCOPHILLIPS COM 20825c104   34,898,241 300,665 SH   SOLE   300,665 0 0
CORNING COM 219350105   3,007,607 98,772 SH   SOLE   98,772 0 0
DEVON ENERGY COM 25179m103   3,468,621 76,570 SH   SOLE   76,570 0 0
EASTMAN CHEMICAL COM 277432100   215,568 2,400 SH   SOLE   2,400 0 0
EXXON MOBIL COM 30231G102   43,942,002 439,508 SH   SOLE   439,508 0 0
FEDERATED HERMES, INC COM 314211103   14,037,659 414,579 SH   SOLE   414,579 0 0
FRANKLIN RESOURCES INC COM COM 354613101   17,138,054 575,296 SH   SOLE   575,296 0 0
FREEPORT-MCMORAN INC. COM 35671d857   10,117,995 237,679 SH   SOLE   237,679 0 0
GILEAD SCIENCES INC COM 375558103   16,236,446 200,425 SH   SOLE   200,425 0 0
GLATFELTER CORP COM 377320106   849,792 438,037 SH   SOLE   438,037 0 0
GRAFTECH INTERNATIONAL LTD COM 384313508   3,471,295 1,585,066 SH   SOLE   1,585,066 0 0
HP INC COM 40434L105   11,332,676 376,626 SH   SOLE   376,626 0 0
IMPERIAL OIL LTD COM 453038408   401,760 7,025 SH   SOLE   7,025 0 0
INTEL CORP. COM 458140100   27,501,222 547,288 SH   SOLE   547,288 0 0
INTERNATIONAL BUSINESS MACHINE COM 459200101   228,806 1,399 SH   SOLE   1,399 0 0
KRAFT HEINZ COMPANY COM 500754106   11,940,953 322,903 SH   SOLE   322,903 0 0
LOEWS COM 540424108   8,263,743 118,749 SH   SOLE   118,749 0 0
LUMEN TECHNOLOGIES COM 550241103   5,031,390 2,749,393 SH   SOLE   2,749,393 0 0
MARATHON PETROLEUM CORP COM 56585a102   731,266 4,929 SH   SOLE   4,929 0 0
MERCK AND CO. INC. COM 58933Y105   21,435,839 196,623 SH   SOLE   196,623 0 0
MOSAIC COM 61945c103   22,517,627 630,216 SH   SOLE   630,216 0 0
MURPHY OIL CORP COM 626717102   258,093 6,050 SH   SOLE   6,050 0 0
NEWMONT GOLDCORP COM 651639106   28,230,341 682,057 SH   SOLE   682,057 0 0
OVINTIV INC COM 69047q102   3,713,875 84,560 SH   SOLE   84,560 0 0
PARAMOUNT GLOBAL COM 92556H206   15,755,516 1,065,282 SH   SOLE   1,065,282 0 0
PARK AEROSPACE CORP COM 70014A104   6,517,010 443,334 SH   SOLE   443,334 0 0
PERMIAN BASIN ROYALTY TRUST COM 714236106   9,450,403 676,963 SH   SOLE   676,963 0 0
PFIZER INC COM COM 717081103   16,382,287 569,027 SH   SOLE   569,027 0 0
PHILLIPS 66 COM 718546104   8,815,466 66,212 SH   SOLE   66,212 0 0
SAN JUAN BASIN ROYALTY TRUST COM 798241105   79,375 15,625 SH   SOLE   15,625 0 0
SANOFI COM 80105n105   13,426,901 269,996 SH   SOLE   269,996 0 0
TECK RESOURCES LTD CL B COM 878742204   44,216,136 1,046,041 SH   SOLE   1,046,041 0 0
TEJON RANCH CO COM 879080109   8,189,832 476,153 SH   SOLE   476,153 0 0
THE TRAVELERS COS., INC. COM 89417e109   507,656 2,665 SH   SOLE   2,665 0 0
TRANSOCEAN, LTD COM H8817H100   1,238,117 194,979 SH   SOLE   194,979 0 0
TSAKOS ENERGY NAVIGATION LTD COM g9108l173   8,157,006 367,102 SH   SOLE   367,102 0 0
VERIZON COMMUNICATIONS INC COM COM 92343V104   24,003,929 636,709 SH   SOLE   636,709 0 0
WAL-MART STORES COM 931142103   1,031,346 6,542 SH   SOLE   6,542 0 0