Halliburton says 'not feeling the turn in North America, we are in the turn' Says was "dead on target" when said last quarter that it was beginning to "feel the turn" in North America. Says fracking market oversupplied by less than 10%. Sees new fracking supply coming out in Q4, FY15. Says sized and scoped "correctly." Outlook for FY remains intact. Says "encouraged" by the prospect of energy reform in Mexico. Optimistic about future growth potential in Latin America going into 2015. Says operations in Iraq are "away from fighting," are continuing. Sees some risk from Russia sanctions related to certain projects being tendered later this year; says sanctions have had no material effect to this point. Sees effective tax rate 28%-29% for remainder of the year. Sees cash flow growing in the coming years. Sees FY14 CapEx approximately $3.3B. Expects Middle East region to have highest growth rate in 2014. Comments made on the Q2 earnings conference call.