What a horrific day for TEX - obviously the delay of Catapault...

What a horrific day for TEX - obviously the delay of Catapault to Q1 '09 (from Q4 '08) has not been viewed well.

I view this as being a timing rather than risk issue, and I'd be interested in any other views which put any other perspective on TEX. Sure the oil price is at a low, however I'd suggest that the timing of a month will put TEX in a better position overall. The fundamentals are still the same (good thing about resource & energy stocks -the quality & quantity in the ground doesn't change - just the market & price!)

Interested in views on this very "off target" day....