Covering a "wound" on a tree is a old "wives' tale", better to let the tree heal itself with is natural defenses. If you coat it, you may prevent it from healing at all. Some woulds are not recoverable and that tree may already be on its last leg. I know the only thing my grandfather put on a cut was Listerine mixed with a little water.
Google it. I did since I know someone will say BS, but try it. Here is just one
""Research indicates that wound dressings (materials such as tar or paint) do not prevent decay and may even interfere with wound closure. Wound dressings can have the following detrimental effects:
Prevent drying and encourage fungal growth
Interfere with formation of wound wood or callus tissue
Inhibit compartmentalization
Possibly serve as a food source for pathogens""
Tree Wounds : Tree Care Kit - Texas AgriLife Extension Service
Here is another
""Although Shigo debunked the myth
of wound dressing decades ago, it still persists, particularly among
those with something to sell. A quick look at the
Internet revealed the following claims (I’ve left out
brand names, but they’re easy to find)""
http://puyallup.wsu.edu/~linda chalker-scott/horticultural myths_files/Myths/Wound sealer.pdf
Here is just one excerpt