A Materialized View has a ! (needs compiled) against it in the Schema Browser. Compiling the MV results in:
16:37:31 Info: 1 materialized view compiled with errors.
WORKAROUND
Load the script in the Editor and use F9 to run. This will display the errors details in the Editor window with the script.
STATUS
Enhancement request TOR-2096 (to display the errors) has been rejected, as Oracle is not supplying the compilation errors, so Toad can't report.
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