Business Context and Reporting Period
This Form 6-K filing by Penn West Petroleum Ltd. (noting the metadata reference to Obsidian Energy Ltd.) covers the month of November 2014. The registrant is a foreign private issuer based in Calgary, Alberta, Canada. The filing primarily serves to incorporate by reference the Management's Discussion and Analysis and Financial Statements for the three and nine months ended September 30, 2014, rather than providing new standalone financial data for November 2014.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the incorporated exhibits (Exhibit 99.2 and 99.3) for the period ended September 30, 2014, which are not included in the provided text.
Material Changes
No material changes versus prior periods are detailed in the cover text of this Form 6-K. The document functions as a conduit for previously released quarterly information and news releases dated November 5, 2014.
Guidance, Outlook, and Risks
The filing incorporates news releases and certifications from the Chief Executive Officer and Chief Financial Officer. However, the provided text does not contain specific management commentary, forward-looking guidance, risk factors, or details on contingencies. Investors must refer to the incorporated exhibits for this information.
Important Facts for Investor Verification
- Verify the discrepancy between the metadata company name (Obsidian Energy Ltd.) and the registrant name in the filing (Penn West Petroleum Ltd.).
- Review Exhibit 99.2 and 99.3 for the actual financial performance data for the three and nine months ended September 30, 2014.
- Examine the news releases (Exhibits 99.1 and 99.6) dated November 5, 2014, for any material corporate announcements.
- Confirm the validity of the quarterly certifications signed by the CEO and CFO under Canadian law.