Business Context and Reporting Period
This Form 6-K filing is submitted by Penn West Petroleum Ltd. (noted as OBSIDIAN ENERGY LTD. in metadata) for the month of May 2011, with a filing date of May 16, 2011. The registrant is a foreign private issuer based in Calgary, Alberta, Canada, operating in the petroleum sector.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity figures. This document serves as a cover sheet referencing an external news release rather than a financial statement.
Material Changes and Events
The primary material event disclosed is the impact of natural disasters on operations. The filing references a news release (Exhibit 99.1) detailing the impact of:
- Wildfires in Northern Alberta.
- Flooding in the Eastern Plains.
Guidance, Outlook, and Risks
The filing does not contain specific financial guidance, management commentary on future performance, or quantified risk assessments within the text provided. The document directs investors to the attached news release for updates regarding the operational disruptions caused by the wildfires and flooding.
Investor Verification Checklist
- Verify the specific operational impact and production downtime caused by the Northern Alberta wildfires and Eastern Plains flooding by reviewing Exhibit 99.1.
- Confirm the current corporate name status, as the metadata lists "OBSIDIAN ENERGY LTD." while the filing text identifies "Penn West Petroleum Ltd."
- Check for subsequent filings or press releases for updated financial guidance related to these natural disaster events.