Business Context and Reporting Period
This Form 6-K was filed by Penn West Petroleum Ltd. (noted as OBSIDIAN ENERGY LTD. in metadata) on August 19, 2015. The registrant is a foreign private issuer based in Calgary, Alberta, Canada, reporting pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934. The filing covers the month of August 2015.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This document serves as a cover sheet for specific legal agreements rather than a financial results report.
Material Changes
No material changes to financial performance or operations are disclosed in this text. The filing focuses exclusively on the execution of amendments to existing debt instruments.
Guidance, Outlook, and Material Agreements
The filing includes an Exhibit Index detailing eight specific legal agreements related to debt facilities. These are "Limited Waiver, Amendment and Retention of Rights Acknowledgment Agreements" for various Note Purchase Agreements and a Credit Agreement. The agreements cover the following dates:
- May 31, 2007
- May 29, 2008
- July 31, 2008
- May 5, 2009
- March 16, 2010
- December 2, 2010
- November 30, 2011
- May 6, 2014 (Amended and Restated Credit Agreement)
The filing does not contain management commentary, forward-looking guidance, or specific risk factors beyond the implication of ongoing debt covenant management.
Key Facts for Investor Verification
- Verify the specific terms of the waivers and amendments attached as Exhibits 99.1 through 99.8 to understand any changes to debt covenants or repayment schedules.
- Confirm the current status of the Note Purchase Agreements from 2007 through 2011, as these are legacy instruments being amended.
- Note that this filing does not contain financial performance data; investors should refer to the company's Form 20-F or quarterly reports for financial metrics.
- Verify the corporate name discrepancy between the metadata (Obsidian Energy Ltd.) and the filing signature (Penn West Petroleum Ltd.), as this may indicate a name change or merger context.