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   6,748,797 39,347 SH   SOLE   39,347 0 0
AGNICO EAGLE MINES LTD COM 008474108   20,890,003 319,419 SH   SOLE   319,419 0 0
ALAMOS GOLD INC FCLASS A COM 011532108   630,885 40,235 SH   SOLE   40,235 0 0
AMBEV SA SPON ADR COM 02319V103   14,007,775 6,833,061 SH   SOLE   6,833,061 0 0
APACHE CORP COM 03743Q108   4,395,950 149,319 SH   SOLE   149,319 0 0
BARRICK GOLD CORP COM 067901108   11,652,791 698,609 SH   SOLE   698,609 0 0
BERKSHIRE HATHAWAY CL B COM 084670702   40,814,651 100,331 SH   SOLE   100,331 0 0
BERKSHIRE HATHAWAY HLD A COM 084670108   3,061,205 5 SH   SOLE   5 0 0
BRISTOL MYERS SQUIBB COM 110122108   6,528,474 157,199 SH   SOLE   157,199 0 0
CAMECO CORP COM 13321l108   28,787,215 585,106 SH   SOLE   585,106 0 0
CENOVUS ENERGY, INC. COM 15135U109   8,314,572 422,918 SH   SOLE   422,918 0 0
CHEVRON COM 166764100   37,666,718 240,805 SH   SOLE   240,805 0 0
CHUBB LTD INC COM H1467J104   543,065 2,129 SH   SOLE   2,129 0 0
CISCO SYSTEMS COM 17275R102   6,933,182 145,931 SH   SOLE   145,931 0 0
CNH INDUSTRIAL NV COM n20944109   6,435,032 635,245 SH   SOLE   635,245 0 0
CONOCOPHILLIPS COM 20825c104   34,096,274 298,096 SH   SOLE   298,096 0 0
CORNING COM 219350105   3,810,291 98,077 SH   SOLE   98,077 0 0
DEVON ENERGY COM 25179m103   3,916,615 82,629 SH   SOLE   82,629 0 0
EASTMAN CHEMICAL COM 277432100   235,128 2,400 SH   SOLE   2,400 0 0
EXXON MOBIL COM 30231G102   50,541,930 439,037 SH   SOLE   439,037 0 0
FEDERATED HERMES, INC COM 314211103   13,773,545 418,903 SH   SOLE   418,903 0 0
FRANKLIN RESOURCES INC COM COM 354613101   13,065,934 584,606 SH   SOLE   584,606 0 0
FREEPORT-MCMORAN INC. COM 35671d857   11,409,579 234,765 SH   SOLE   234,765 0 0
GILEAD SCIENCES INC COM 375558103   14,211,409 207,133 SH   SOLE   207,133 0 0
GLATFELTER CORP COM 377320106   599,307 431,156 SH   SOLE   431,156 0 0
GRAFTECH INTERNATIONAL LTD COM 384313508   1,793,863 1,849,343 SH   SOLE   1,849,343 0 0
HP INC COM 40434L105   13,378,936 382,037 SH   SOLE   382,037 0 0
IMPERIAL OIL LTD COM 453038408   473,996 6,945 SH   SOLE   6,945 0 0
INTEL CORP. COM 458140100   17,080,512 551,518 SH   SOLE   551,518 0 0
INTERNATIONAL BUSINESS MACHINE COM 459200101   241,957 1,399 SH   SOLE   1,399 0 0
KRAFT HEINZ COMPANY COM 500754106   10,385,924 322,344 SH   SOLE   322,344 0 0
LOEWS COM 540424108   8,655,191 115,804 SH   SOLE   115,804 0 0
MARATHON PETROLEUM CORP COM 56585a102   855,083 4,929 SH   SOLE   4,929 0 0
MERCK AND CO. INC. COM 58933Y105   15,816,193 127,756 SH   SOLE   127,756 0 0
MOSAIC COM 61945c103   18,361,420 635,343 SH   SOLE   635,343 0 0
MURPHY OIL CORP COM 626717102   249,502 6,050 SH   SOLE   6,050 0 0
NEWMONT GOLDCORP COM 651639106   29,667,032 708,551 SH   SOLE   708,551 0 0
OVINTIV INC COM 69047q102   4,089,220 87,246 SH   SOLE   87,246 0 0
PARAMOUNT GLOBAL COM 92556H206   11,419,064 1,099,044 SH   SOLE   1,099,044 0 0
PARK AEROSPACE CORP COM 70014A104   6,343,881 463,734 SH   SOLE   463,734 0 0
PERMIAN BASIN ROYALTY TRUST COM 714236106   7,660,561 680,334 SH   SOLE   680,334 0 0
PFIZER INC COM COM 717081103   16,107,303 575,672 SH   SOLE   575,672 0 0
PHILLIPS 66 COM 718546104   9,269,505 65,662 SH   SOLE   65,662 0 0
SAN JUAN BASIN ROYALTY TRUST COM 798241105   63,437 15,625 SH   SOLE   15,625 0 0
SANOFI COM 80105n105   13,347,027 275,083 SH   SOLE   275,083 0 0
TECK RESOURCES LTD CL B COM 878742204   49,273,897 1,028,683 SH   SOLE   1,028,683 0 0
TEJON RANCH CO COM 879080109   8,371,103 490,686 SH   SOLE   490,686 0 0
THE TRAVELERS COS., INC. COM 89417e109   541,901 2,665 SH   SOLE   2,665 0 0
TRANSOCEAN, LTD COM H8817H100   1,036,595 193,756 SH   SOLE   193,756 0 0
TSAKOS ENERGY NAVIGATION LTD COM g9108l173   10,802,036 368,922 SH   SOLE   368,922 0 0
VERIZON COMMUNICATIONS INC COM COM 92343V104   26,263,818 636,853 SH   SOLE   636,853 0 0
WAL-MART STORES COM 931142103   1,322,105 19,526 SH   SOLE   19,526 0 0