I thought you couldn't trade the compensatory pick?
I saw people talking about this on the main boards but not sure where it stems from. I'd expect you can as you used to be able to trade compensatory picks for UFAs and a few years ago the Coyotes traded the pick awarded for not signing Blake Wheeler to trade up for Tikhonov.
Barring a change in the new CBA (and I can't see any logical reason for such a change) I'd presume those picks are fair game to move.