@Rob404 that's a nice looking rifle.
Thanks everyone for your further inputs. I'll avoid the wax for now then. The schaftol gives a glow already, and it gets more sheen to it with each application, so for now I'll just carry on with an application every 2 days or so.
I think I will wax it once I'm done with the oiling, both for more shine and for extra protection against water, my rifle does get used in the rain occasionally.
On the same topic what would you guys think about putting oil on the stock say 6 months or more after I've waxed it. The instructions on the schaftol say that one should rub the stock with schaftol periodically to refresh the finish and maintain the protection. If I start to use wax can I then not go back to shaftol ever again?
I give a little rub down with shaftol about twice a year just because...
I certainly think it is worth doing.
On the water side of it, check out Kanele arms, they had some G96 Gun Treatment spray. I know many will disagree but i used it on my beretta after a duck and goose shoot in the pouring rain. I didnt have anything else handy.
I wiped the water off, sprayed this on and since then the water does not leave any marks on the stock. I decided to do it to all my rifles and so far i've been happy with the results.
On all my rifles i have used Shaftol and then rub in a coat or two with my hands.