This is a question I get asked quite often when the topic of Beard grooming comes up ... which strangely enough actually does come up more then you would think
The answer is actually pretty simple, the answer is BOTH! There is no this or that it is all that and that. My beard grooming routine is when I shower (which is usually first thing in the morning) I will shower and then dry off and towel dry my beard. From there with my beard damp but not wet I will use about 3/4 of a dropper full of glorious Beautifully Bearded beard oil and massage it through my beard and as well as the skin under my beard that no longer sees the light of day. You want to make sure that your beard isn't too wet as you know how well water and oil go together but you still want it a little damp as the beard will absorb the oil better and the skin will also accept the oil easily.
From there i will continue with my routine of getting ready for my day (ie. brush my teeth, comb my hair etc.) and then just as I am getting ready to walk out of the bathroom that is when I will take my pick of Beautifully Bearded Beard Balm out and rub it in my hands then use it to style my beard, keep the flair hairs to bay and also add some great smells as well.
That is why I say both is the answer, oil to nourish the beard and the skin under the beard and balm to moisturize and style the beard