Instuitional Investor - Goehring & Rozencwajg Associates, Llc

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Canadian Natural Resources Ltd	CNQ	2,827,853	$137,877,092	7.41%
2.	Valaris Ltd	VAL	1,319,351	$129,349,172	6.95%
3.	Range Resources Corp	RRC	2,721,749	$122,968,620	6.61%
4.	Suncor Energy Inc New	SU	1,840,155	$121,667,621	6.54%
5.	Slb Limited	SLB	2,298,550	$118,122,485	6.35%