Partially correct..
The fact that Fr. Feeney staunchly defended this truth on salvation during his day does not mean, of course, that everything he said on the topic was cogent or correct. He was, in fact, mistaken in his belief that catechumens could be justified (put in a state of grace) by the desire for water baptism. Fr. Feeney knew that the Catholic Church infallibly teaches that no catechumen can be saved without water baptism (Council of Trent, Can. 5 on the Sacrament), but he erroneously thought that the Council of Trent taught that catechumens could be justified by the desire for baptism, when it didn’t ( Sess. 6, Chap. 4.). This mistaken position – which most believe was held by him in good faith and which he would have changed if he were today presented with the evidence and the argument showing that Trent does not teach that catechumens can be justified – caused him to be unable to explain the situation of the so-called “justified” catechumen who hadn’t been baptized.
Father Feeney, Bread of Life, p. 137:
“Q. Can anyone now be saved without Baptism of Water?
A. No one can be saved without Baptism of Water.
Q. Are the souls of those who die in the state of justification saved, if they have not received Baptism of Water?
A. No. They are not saved.
Q. Where do these souls go if they die in the state of justification but have not received Baptism of Water?
A. I do not know.
Q. Do they go to Hell?
A. No.
Q. Do they go to Heaven?
A. No.
Q. Are there any such souls?
A. I do not know! Neither do you!
Q. What are we to say to those who believe there are such souls?
A. We must say to them that they are making reason prevail over Faith, and the laws of probability over the Providence of God.”
Fr. Feeney was caught in an insoluble dilemma because of his mistaken and incorrect position that a catechumen can be justified without water baptism. And the liberal heretics have a field day with this passage of his book, and they literally spill pages worth of ink gleefully pointing out that Fr. Feeney was inconsistent on this point.