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Your Questions About Winter Drilling, Fast Food & More

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Question #1: Graham from Massachusetts is currently finishing up his thesis on Ultra Petroleum Corp (UPL) and wants to know how the company’s stock price will react, if UPL gainsapproval for winter drilling? (Currently winter drilling is restricted by the Wyoming Oil and Gas Conservation Commission.)

Eric Bolling says winter drilling will help UPL, but he prefers Devon Energy (DVN).

Question #2: Harold from California wants to know about Apple Inc. (AAPL). He notices that AAPL’s stock price has fallen in recent days, and wonders if he should he buy this dip, ahead of the iPhone release?



Pete Najarian says potential problems with their batteries are something to watch – but the demand for the iPhone is tremendous. Pete likes AAPL and thinks it could hit $100.

Question #3: Angela from New York expects oil prices to rise over the summer, and wonders which airline is best hedged against rising fuel costs?

Guy Adami says The Street sells all the airlines equally on higher fuel costs. However, his favorite airline stock is SouthWest (LUV). He tells Angela to own the stock.

Question #4: Stephen from Pennsylvania notices momentum behind fast food stocks, especially McDonald's (MCD) which is at a 52 week high. Consequently, he wonders why Wendy's (WEN) stock is performing poorly and if this is a buying opportunity?

Jeff Macke says “same store sales” tell this story. Wendy’s same store sales are about 3%. Any company below 5% isn’t a growth company to his way of thinking. By contrast, MCD is pushing double digits on same store sales. McDonald’s, he says, is the play.

Symbol
Price
 
Change
%Change
VOW3
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DVN
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LUV
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MCD
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UPLMQ
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WEN
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Questions? Comments? fastmoney@cnbc.com

Trader disclosure:
On APR 18, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders
Najarian Owns (AXP), (AAPL), (BAC), (BMY), (C), (CSX),(ENER), (XLF);(JPM), (NOK), (LUV); Bolling Owns (XOM)< (NMX), (ICE), (MPEL), (NMX) Gold, Silver, Natural Gas, Corn; Bolling Is Short Soybeans