Business Context and Reporting Period
Company: Baytex Energy Corp.
Filing Type: Form 6-K (Report of Foreign Private Issuer)
Reporting Period: Three months ended March 31, 2011
Filing Date: May 13, 2011
Context: This filing incorporates by reference the Company's Condensed Interim Unaudited Consolidated Financial Statements and Management's Discussion and Analysis (MD&A) for the first quarter of 2011. It also includes a press release announcing first-quarter results and an update to the contingent resource assessment.
Key Financial Metrics
The provided text serves as a cover sheet and index for the Form 6-K. It references the existence of financial statements (Exhibit 99.2) and MD&A (Exhibit 99.3) but does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are located in the attached exhibits which are not included in the input text.
Material Changes
The filing text does not provide specific comparative data or material changes between the current period and the prior comparable period (three months ended March 31, 2010). The press release (Exhibit 99.1) is noted to contain the results, but the content of that release is not present in the source text.
Guidance, Outlook, and Risks
- Outlook/Updates: The filing includes an update to the Company's contingent resource assessment (referenced in Exhibit 99.1).
- Management Commentary: Detailed commentary is contained in the MD&A (Exhibit 99.3), which is incorporated by reference but not provided in the text.
- Risks and Contingencies: No specific risks or contingencies are detailed in the cover text.
Investor Verification Checklist
- Verify the specific revenue and net income figures in Exhibit 99.2 (Condensed Interim Unaudited Consolidated Financial Statements).
- Review the Management's Discussion and Analysis (Exhibit 99.3) for details on cash flow, liquidity, and debt levels.
- Examine the press release (Exhibit 99.1) for the specific details regarding the update to the contingent resource assessment.
- Confirm the year-over-year performance metrics by comparing the Q1 2011 data in Exhibit 99.2 against the Q1 2010 data also included in that exhibit.