Woodside digs itself into a deep hole

BIG fish in small ponds always struggle when introduced to the real world, which is why Santos has never performed well far from its home in Adelaide, and why Slugcatcher reckons Woodside Petroleum will continue to strike heavy weather of its attempts to break free of Perth.

The Santos story is well known. It's big in South Australia where for 30 years it behaved more like a semi-government department than an independent oil and gas producer.