yes it will do many stocks
I've only done around 15 stocks using the same 8 oz bottle so far and the bottle is still about 1/4 full. I only use about a quarter sized dallop the first coat and then less and less on each additional coat. For the last coat, I just use a dallop about the size of a dime.
Now, if the wood is walnut which I suspect that it is simply becaue mine was, there is no need for a stain as it will be dark enough. If it is birch or another wood, I would do a stain first and then do the Arrow's. I have added some red umber to some of the Arrow's and like the way that came out. You could add some stain to the oil, but I would add it to like 2 ounces in a seperate bottle myself to keep the rest clean.
Good luck with it. Follow the directions completely and don't use too much and things should be fine.
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