Going off what you said in the description, Montembeault is not worth a 1st + 3rd, and you also didn’t factor in that Armia is a cap dump either

3 goalies getting ‘paid’ nearly 20 million dollars is just insane

I say no, and I hope the oilers would too. We should not use Bouchard to dump Campbell. That only makes our team worse, and Kovecevic doesn’t replace Bouchard in the top 4. Montembeault has never shown that he is a legitimate starter. All his career he’s been pretty meh, so no, he doesn’t grab you basically 3 firsts, and a second even with an extension! I would want an actual starter, and I also wouldn’t give more than a 3rd for Montembeault, MAYBE a second with an extension.

Oilers easily say no

I think he is with a 3rd extension at a relatively low AAV

Awful trade for Edmonton. Campbell's buyout cap hit next year is 1.1M trading him while taking back another albatross in Armia is counterproductive.

Montembeault doesn't even come remotely close to that value

I would have to assume Edmonton says no in this scenario…