Review (2/5): You get what you pay for....
As the title suggests, I feel this product is mediocre at best. Similar to you, I was looking for beard oil at a reasonable price, and since I love the smell of tea tree, I decided to give this brand a try. Upon placing a few drops in my hand, I was greeted by a smell which I can only describe as a combination of WD-40 and shoe polish. I'll admit, the smell does subside once rubbed into my beard, but I couldn't shake the feeling that I had a "mechanic's musk" or smelled like I just changed my car's oil. It also left my hands incredibly greasy--a problem I have not had with subsequent beard products (Smooth Viking).
Bottom line: You get twice the oil (4 oz. compared to other brands' 2 oz.) for a few dollars cheaper yet without any of the quality. This stuff is essentially the Axe Body Spray of beard oils--yeah, it does the job, but any self-respecting man knows better than to use it. Do yourself a favor and don't listen to the promotional reviews.