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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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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
ABRDN PALLADIUM ETF TRUST PHYSICAL PALLADM 003262102 BBG001T6GDX0 14,028,000 150,000 SH   SOLE   150,000 0 0
ANTERO RESOURCES CORP COM 03674X106 BBG001T61KH8 115,448,304 3,980,976 SH   SOLE   3,980,976 0 0
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 03938L203 BBG001S8JFB3 70,053,200 2,540,000 SH   SOLE   2,540,000 0 0
CHORD ENERGY CORPORATION COM NEW 674215207 BBG00Y7BLJF2 8,912,000 50,000 SH   SOLE   50,000 0 0
CNX RES CORP COM 12653C108 BBG001SC7TN4 18,889,612 796,358 SH   SOLE   796,358 0 0
COMSTOCK RES INC COM 205768302 BBG001S8FX55 103,472,000 11,150,000 SH   SOLE   11,150,000 0 0
COTERRA ENERGY INC COM 127097103 BBG001S6H6Y4 36,418,445 1,306,257 SH   SOLE   1,306,257 0 0
DIAMOND OFFSHORE DRILLING IN COM 25271C201 BBG010JCFCF2 114,316,840 8,381,000 SH   SOLE   8,381,000 0 0
ENERPLUS CORP COM 292766102 BBG001SGHVD0 109,061,324 5,550,000 SH   SOLE   5,550,000 0 0
ENOVIX CORPORATION COM 293594107 BBG00YC538B7 520,650 65,000 SH   SOLE   65,000 0 0
EQUITRANS MIDSTREAM CORP COM 294600101 BBG00K53L401 94,962,906 7,603,115 SH   SOLE   7,603,115 0 0
GENERAL MTRS CO COM 37045V100 BBG001SM1DK6 3,174,500 70,000 SH   SOLE   70,000 0 0
GRAPHIC PACKAGING HLDG CO COM 388689101 BBG001S90195 21,768,280 746,000 SH   SOLE   746,000 0 0
HF SINCLAIR CORP COM 403949100 BBG0135B2269 18,061,014 299,172 SH   SOLE   299,172 0 0
MARATHON PETE CORP COM 56585A102 BBG001S169P1 22,165,000 110,000 SH   SOLE   110,000 0 0
MURPHY OIL CORP COM 626717102 BBG001S5TG80 36,560,000 800,000 SH   SOLE   800,000 0 0
NEXGEN ENERGY LTD COM 65340P106 BBG00334PFM6 3,630,498 467,000 SH   SOLE   467,000 0 0
NOBLE CORP PLC ORD SHS A G65431127 BBG018KBK3H7 48,176,803 993,541 SH   SOLE   993,541 0 0
OLIN CORP COM PAR $1 680665205 BBG001S5TWW8 6,231,624 105,980 SH   SOLE   105,980 0 0
PEABODY ENERGY CORP COM 704551100 BBG00GBV89J5 44,153,200 1,820,000 SH   SOLE   1,820,000 0 0
PERMIAN RESOURCES CORP CLASS A COM 71424F105 BBG00D61Y2G3 31,003,737 1,755,591 SH   SOLE   1,755,591 0 0
PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 BBG001SFJFD5 19,742,500 1,325,000 SH   SOLE   1,325,000 0 0
PLAINS GP HLDGS L P LTD PARTNR INT A 72651A207 BBG001SZV282 6,933,996 379,945 SH   SOLE   379,945 0 0
PLUG POWER INC COM NEW 72919P202 BBG001S6GJB2 22,067,600 6,415,000 SH Put SOLE   6,415,000 0 0
RANGE RES CORP COM 75281A109 BBG001SBZNN8 202,792,700 5,890,000 SH   SOLE   5,890,000 0 0
SOUTHWESTERN ENERGY CO COM 845467109 BBG001S5WHW7 133,013,840 17,548,000 SH   SOLE   17,548,000 0 0
SPROTT PHYSICAL PLAT PALLAD UNIT 85207Q104 BBG002DMRZ32 675,790 70,030 SH   SOLE   70,030 0 0
SUNCOR ENERGY INC NEW COM 867224107 BBG001S5YSF0 39,357,420 1,066,353 SH   SOLE   1,066,353 0 0
SUNNOVA ENERGY INTL INC. COM 86745K104 BBG00PLQ1KH9 11,647,000 1,900,000 SH Put SOLE   1,900,000 0 0
SUNRUN INC COM 86771W105 BBG0025XVR94 85,670,000 6,500,000 SH Put SOLE   6,500,000 0 0
UNITED STATES STL CORP NEW COM 912909108 BBG001S5XL75 103,186,857 2,530,330 SH   SOLE   2,530,330 0 0
VALARIS LTD CL A G9460G101 BBG010JW9K58 47,790,100 635,000 SH   SOLE   635,000 0 0
VALERO ENERGY CORP COM 91913Y100 BBG001S5X8K9 19,666,902 115,220 SH   SOLE   115,220 0 0
WARRIOR MET COAL INC COM 93627C101 BBG00GD1JNK4 153,014,867 2,520,838 SH   SOLE   2,520,838 0 0
WEST FRASER TIMBER CO LTD COM 952845105 BBG001S60WD8 11,657,143 135,000 SH   SOLE   135,000 0 0
WESTROCK CO COM 96145D105 BBG008NXC581 30,906,250 625,000 SH   SOLE   625,000 0 0