I've read the negative reviews, I have been using this for 20 years and never had a problem. use it on treated wood fencing. the fence is 20 years old and still there. I roll it on with a roller, it is very thick, which I like. I (alone) can coat 300 feet of 4 rail wood fencing in about 1 1/2 hours. I roll it as opposed to any type sprayer, my preference, as too much over spray just waste the product. The fence in the pictures is 600 feet of 4 rail treated board, both sides would be 1200 feet, takes me about 4 days as I work in the morning when its cool. 5 gallons, for me, will heavily coat 300 feet of 4 rail fencing, 6" boards. As far as peeling, never had that problem, ever... with the sun baking it, it will fade in time, anything eventually will fade. Not to mislead....it is very messy, not going to lie, the rubber gloves, rollers and roller pans etc. are finished after this, so I just through them away. For me, this is a good product.

Peels after a season, doesn't last at all. Skip this stuff.