Baker Hughes Conference Call Notes (BHI)

Baker Hughes BHI says, "profit growth could offset Canada decline... it's seeing rise in shale drilling in China... raises U.S. rig count forecast to 1,790 from 1,740... raises Canada rig count forecast to 390 from 340... sees better international pricing power by the end of 2011... sees 2nd quarter international margins higher than 1st quarter margins."