See the Cenovus Energy corporate update from April 2, 2020 (update is posted with this assignment).

1. (a)Explain why you might think that the market price of Cenovus Energy might increase after this update (it actually did increase throughout the day on April 2 and in afterhours trading). (4 marks)
2. (b)Explain why you might think that the market price of Cenovus Energy might decline after this update (you could probably look over the next few days to see if this happens on April 3 the price came down a bit from early trading). (4 marks)
3. (c)Using course concepts, explain how changes in executive compensation announced in this update might impact the corporation in the future. Be sure to include both positive and negative impacts of the change in your explanation. (4 marks)