Business Context and Reporting Period
This Form 6-K filing by Baytex Energy Corp., a Canadian foreign private issuer, covers the reporting period ending December 31, 2011. The report was filed on March 14, 2012, and incorporates by reference the company's 2011 annual results, year-end reserves, and Management's Discussion and Analysis (MD&A).
Key Financial Metrics
The filing text provided is a cover sheet and does not contain specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the attached exhibits (Exhibit 99.2 and 99.3) which are referenced but not included in the source text.
Material Changes
The filing references condensed interim unaudited consolidated financial statements comparing the three and twelve-month periods ended December 31, 2011, against the same periods in 2010. However, the specific material changes or comparative figures are not present in the provided text.
Guidance, Outlook, and Risks
The filing includes a press release announcing 2011 results and year-end 2011 reserves. While the MD&A (Exhibit 99.3) typically contains guidance, outlook, and risk factors, the specific commentary and details regarding these items are not available in the provided text.
Investor Verification Checklist
- Verify the specific revenue and net income figures in Exhibit 99.2 (Condensed Financial Statements).
- Review the year-end 2011 reserves data detailed in the press release (Exhibit 99.1).
- Examine the Management's Discussion and Analysis (Exhibit 99.3) for liquidity position, debt levels, and future operational guidance.
- Confirm the impact of commodity price fluctuations on the 2011 results as discussed in the MD&A.