Topics covered: Subsea products companies, Stocks to worry about, Stock picks, Share Buybacks and Dividends, Pricing competition, Pressure on costs, Outlook for small cap companies, Onshore North American companies, Offshore drilling companies, Margin pressures, LNG imports, Investor interest, International players, Industry consolidation, Impact of high oil prices, Global economic outlook, Gas prices and inventories, Free Cash Flow, Deepwater drillers, Debt repayment, Capital equipment issues, Capacity additions