Business Context and Reporting Period
Company: Baytex Energy Corp.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: Three and twelve months ended December 31, 2013
Filing Date: March 13, 2014
This filing incorporates by reference the Company's Condensed Interim Unaudited Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) for the periods ended December 31, 2013, and 2012. The filing also includes a press release dated March 13, 2014, highlighting record production and reserve growth for 2013.
Key Financial Metrics
The provided text serves as a cover sheet and does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are located in the attached exhibits (Exhibit 99.1 and 99.2) which are incorporated by reference but not detailed in this text.
- Revenue/Profit/Cash Flow: Not provided in text; refer to Exhibit 99.1.
- Debt/Liquidity: Not provided in text; refer to Exhibit 99.1.
- Production: Press release indicates "Record Production" for 2013.
- Funds From Operations (FFO): Press release indicates "Record Funds From Operations" for 2013.
Material Changes
Specific comparative financial data between the 2013 and 2012 periods is not present in the filing text. However, the accompanying press release (Exhibit 99.5) notes significant positive developments for the 2013 period, including:
- Record production levels.
- Record Funds From Operations.
- Strong reserve growth.
Guidance, Outlook, and Risks
The text does not contain specific forward-looking guidance, management commentary details, risk factors, or contingencies. These elements are contained within the Management's Discussion and Analysis (Exhibit 99.2) and the Press Release (Exhibit 99.5) referenced in the filing.
Investor Verification Checklist
- Verify the specific numerical values for revenue, net income, and cash flow in Exhibit 99.1 (Financial Statements).
- Review the detailed breakdown of "Record Production" and "Strong Reserve Growth" in Exhibit 99.5 (Press Release).
- Examine the Management's Discussion and Analysis (Exhibit 99.2) for specific commentary on the drivers of the 2013 performance and any identified risks.
- Confirm the details of the Company's debt structure and liquidity position in the financial statements.