Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CRK	COMSTOCK RES INC	1,156,868	$17.26M	0.9%	—	—	COM	205768302
ETR	ENTERGY CORP NEW	146,703	$16.85M	0.9%	—	—	COM	29364G103
RUN	SUNRUN INC	855,841	$11.45M	0.6%	—	—	COM	86771W105
PBF	PBF ENERGY INC	100,000	$4.552M	0.2%	—	—	CL A	69318G106
EROK	EAGLEROCK LD LLC	167,460	$3.559M	0.2%	—	—	CL A SHS REP LTD	27005A105
XE	X-ENERGY INC	179,848	$3.302M	0.2%	—	—	COM CL A	98386P102

Increased Positions (11)

TDW TIDEWATER INC NEW 4.9%

Value $93.61M (+164.6%) Shares 1,404,984 (+231.7%) Est. Cost — Unrealized —

CRC CALIFORNIA RES CORP 13.4%

Value $259M (-17.8%) Shares 4,890,388 (+7.6%) Est. Cost — Unrealized —

OXY OCCIDENTAL PETE CORP 4.6%

Value $89.16M (+124.5%) Shares 1,835,700 (+200.4%) Est. Cost — Unrealized —

AR ANTERO RESOURCES CORP 15.8%

Value $305M (-13.6%) Shares 8,669,859 (+4.4%) Est. Cost — Unrealized —

HAL HALLIBURTON CO 5.8%

Value $111M (+15.4%) Shares 3,283,008 (+32.5%) Est. Cost — Unrealized —

BTU PEABODY ENGR CORP 1.9%

Value $36.39M (-22.3%) Shares 1,574,054 (+10.8%) Est. Cost — Unrealized —

PUMP PROPETRO HLDG CORP 5.8%

Value $111M (+6.0%) Shares 7,713,646 (+6.5%) Est. Cost — Unrealized —

OVV OVINTIV INC 2.7%

Value $51.47M (-7.9%) Shares 977,630 (+3.8%) Est. Cost — Unrealized —

GPRE GREEN PLAINS INC 0.8%

Value $15.71M (+12.1%) Shares 1,021,383 (+19.9%) Est. Cost — Unrealized —

VG VENTURE GLOBAL INC 1.0%

Value $18.46M (+8.5%) Shares 1,658,515 (+53.6%) Est. Cost — Unrealized —

HNRG HALLADOR ENERGY COMPANY 0.2%

Value $3.189M (+33.3%) Shares 183,394 (+24.8%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TDW	TIDEWATER INC NEW	1,404,984 (+231.7%)	$93.61M (+164.6%)	4.9%	—	—	COM	88642R109
CRC	CALIFORNIA RES CORP	4,890,388 (+7.6%)	$259M (-17.8%)	13.4%	—	—	COM STOCK	13057Q305
OXY	OCCIDENTAL PETE CORP	1,835,700 (+200.4%)	$89.16M (+124.5%)	4.6%	—	—	COM	674599105
AR	ANTERO RESOURCES CORP	8,669,859 (+4.4%)	$305M (-13.6%)	15.8%	—	—	COM	03674X106
HAL	HALLIBURTON CO	3,283,008 (+32.5%)	$111M (+15.4%)	5.8%	—	—	COM	406216101
BTU	PEABODY ENGR CORP	1,574,054 (+10.8%)	$36.39M (-22.3%)	1.9%	—	—	COM	704551100
PUMP	PROPETRO HLDG CORP	7,713,646 (+6.5%)	$111M (+6.0%)	5.8%	—	—	COM	74347M108
OVV	OVINTIV INC	977,630 (+3.8%)	$51.47M (-7.9%)	2.7%	—	—	COM	69047Q102
GPRE	GREEN PLAINS INC	1,021,383 (+19.9%)	$15.71M (+12.1%)	0.8%	—	—	COM	393222104
VG	VENTURE GLOBAL INC	1,658,515 (+53.6%)	$18.46M (+8.5%)	1.0%	—	—	COM CL A	92333F101
HNRG	HALLADOR ENERGY COMPANY	183,394 (+24.8%)	$3.189M (+33.3%)	0.2%	—	—	COM	40609P105

Exited Positions (11)

LNG CHENIERE ENERGY INC 3.0%

Value $56.75M Shares 200,000 Est. Cost — Unrealized —

OKE ONEOK INC NEW 2.3%

Value $45.2M Shares 500,000 Est. Cost — Unrealized —

FANG DIAMONDBACK ENERGY INC 1.9%

Value $35.67M Shares 180,344 Est. Cost — Unrealized —

ANDE ANDERSONS INC 1.0%

Value $18.57M Shares 258,746 Est. Cost — Unrealized —

EQT EQT CORP 0.8%

Value $15.43M Shares 242,527 Est. Cost — Unrealized —

GDX VANECK ETF TRUST 0.8%

Value $15.14M Shares 165,000 Est. Cost — Unrealized —

MUSA MURPHY USA INC 0.6%

Value $12.31M Shares 24,929 Est. Cost — Unrealized —

VST VISTRA CORP 0.6%

Value $10.66M Shares 70,900 Est. Cost — Unrealized —

GNRC GENERAC HLDGS INC 0.5%

Value $10.55M Shares 54,000 Est. Cost — Unrealized —

UGI UGI CORP NEW 0.5%

Value $9.79M Shares 268,804 Est. Cost — Unrealized —

CMP COMPASS MINERALS INTL INC 0.3%

Value $5.492M Shares 235,198 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
LNG	CHENIERE ENERGY INC	200,000	$56.75M	3.0%	—	—	CALL	16411R208
OKE	ONEOK INC NEW	500,000	$45.2M	2.3%	—	—	CALL	682680103
FANG	DIAMONDBACK ENERGY INC	180,344	$35.67M	1.9%	—	—	—	25278X109
ANDE	ANDERSONS INC	258,746	$18.57M	1.0%	—	—	—	034164103
EQT	EQT CORP	242,527	$15.43M	0.8%	—	—	—	26884L109
GDX	VANECK ETF TRUST	165,000	$15.14M	0.8%	—	—	—	92189F106
MUSA	MURPHY USA INC	24,929	$12.31M	0.6%	—	—	—	626755102
VST	VISTRA CORP	70,900	$10.66M	0.6%	—	—	—	92840M102
GNRC	GENERAC HLDGS INC	54,000	$10.55M	0.5%	—	—	—	368736104
UGI	UGI CORP NEW	268,804	$9.79M	0.5%	—	—	—	902681105
CMP	COMPASS MINERALS INTL INC	235,198	$5.492M	0.3%	—	—	—	20451N101

Decreased Positions (17)

NE NOBLE CORP PLC 1.5%

Value $29.58M (-83.6%) Shares 792,981 (-78.5%) Est. Cost — Unrealized —

CHRD CHORD ENERGY CORPORATION 6.5%

Value $125M (-31.7%) Shares 1,096,511 (-15.1%) Est. Cost — Unrealized —

CENX CENTURY ALUM CO 5.4%

Value $104M (-33.9%) Shares 2,266,085 (-15.7%) Est. Cost — Unrealized —

PTEN PATTERSON-UTI ENERGY INC 6.9%

Value $134M (-24.4%) Shares 14,553,804 (-10.8%) Est. Cost — Unrealized —

TALO TALOS ENERGY INC 4.6%

Value $89.03M (-28.9%) Shares 6,895,998 (-13.3%) Est. Cost — Unrealized —

PCG PG&E CORP 1.5%

Value $28.47M (-33.8%) Shares 1,692,747 (-30.8%) Est. Cost — Unrealized —

LNG CHENIERE ENERGY INC 2.7%

Value $51.33M (-19.6%) Shares 214,753 (-4.6%) Est. Cost — Unrealized —

XEL XCEL ENERGY INC 0.7%

Value $13.15M (-46.2%) Shares 163,771 (-46.8%) Est. Cost — Unrealized —

NJR NEW JERSEY RES CORP 0.8%

Value $16.23M (-15.5%) Shares 289,573 (-17.2%) Est. Cost — Unrealized —

GLNG GOLAR LNG LTD 0.5%

Value $10.22M (-12.9%) Shares 205,009 (-5.4%) Est. Cost — Unrealized —

CNR CORE NATURAL RESOURCES INC 0.1%

Value $2.774M (-31.4%) Shares 34,665 (-10.2%) Est. Cost — Unrealized —

SWX SOUTHWEST GAS HLDGS INC 0.5%

Value $10.41M (-6.9%) Shares 117,443 (-8.7%) Est. Cost — Unrealized —

LNT ALLIANT ENERGY CORP 1.1%

Value $20.9M (-2.7%) Shares 273,921 (-8.4%) Est. Cost — Unrealized —

NEXT NEXTDECADE CORP 0.2%

Value $4.058M (-10.4%) Shares 538,230 (-9.0%) Est. Cost — Unrealized —

TRP TC ENERGY CORP 0.5%

Value $9.995M (-3.6%) Shares 150,776 (-8.9%) Est. Cost — Unrealized —

ASTL ALGOMA STL GROUP INC 0.3%

Value $5.052M (-6.4%) Shares 1,247,507 (-4.5%) Est. Cost — Unrealized —

NPWR NET POWER INC 0.1%

Value $2.338M (-0.4%) Shares 1,400,110 (-6.9%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NE	NOBLE CORP PLC	792,981 (-78.5%)	$29.58M (-83.6%)	1.5%	—	—	ORD SHS A	G65431127
CHRD	CHORD ENERGY CORPORATION	1,096,511 (-15.1%)	$125M (-31.7%)	6.5%	—	—	COM NEW	674215207
CENX	CENTURY ALUM CO	2,266,085 (-15.7%)	$104M (-33.9%)	5.4%	—	—	COM	156431108
PTEN	PATTERSON-UTI ENERGY INC	14,553,804 (-10.8%)	$134M (-24.4%)	6.9%	—	—	COM	703481101
TALO	TALOS ENERGY INC	6,895,998 (-13.3%)	$89.03M (-28.9%)	4.6%	—	—	COM	87484T108
PCG	PG&E CORP	1,692,747 (-30.8%)	$28.47M (-33.8%)	1.5%	—	—	COM	69331C108
LNG	CHENIERE ENERGY INC	214,753 (-4.6%)	$51.33M (-19.6%)	2.7%	—	—	COM NEW	16411R208
XEL	XCEL ENERGY INC	163,771 (-46.8%)	$13.15M (-46.2%)	0.7%	—	—	COM	98389B100
NJR	NEW JERSEY RES CORP	289,573 (-17.2%)	$16.23M (-15.5%)	0.8%	—	—	COM	646025106
GLNG	GOLAR LNG LTD	205,009 (-5.4%)	$10.22M (-12.9%)	0.5%	—	—	SHS	G9456A100
CNR	CORE NATURAL RESOURCES INC	34,665 (-10.2%)	$2.774M (-31.4%)	0.1%	—	—	COM SHS	218937100
SWX	SOUTHWEST GAS HLDGS INC	117,443 (-8.7%)	$10.41M (-6.9%)	0.5%	—	—	COM	844895102
LNT	ALLIANT ENERGY CORP	273,921 (-8.4%)	$20.9M (-2.7%)	1.1%	—	—	COM	018802108
NEXT	NEXTDECADE CORP	538,230 (-9.0%)	$4.058M (-10.4%)	0.2%	—	—	COM	65342K105
TRP	TC ENERGY CORP	150,776 (-8.9%)	$9.995M (-3.6%)	0.5%	—	—	COM	87807B107
ASTL	ALGOMA STL GROUP INC	1,247,507 (-4.5%)	$5.052M (-6.4%)	0.3%	—	—	COM	015658107
NPWR	NET POWER INC	1,400,110 (-6.9%)	$2.338M (-0.4%)	0.1%	—	—	COM CL A	64107A105

Unchanged Positions (2)

OKE ONEOK INC NEW 4.6%

Value $88.76M Shares 1,020,925 Est. Cost — Unrealized —

KRSP/U RICE ACQUISITION CORP 3 1.4%

Value $27.46M Shares 2,563,697 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
OKE	ONEOK INC NEW	1,020,925	$88.76M	4.6%	—	—	COM	682680103
KRSP/U	RICE ACQUISITION CORP 3	2,563,697	$27.46M	1.4%	—	—	UNIT 99/99/9999	G7553X122