5nl 88 oop, weak fold? bad cbet?

[sivadom]

Villain is 20/10/2
I feel like 3bet is spew given that its all in, and theres not many turn cards i like to see OOP if i call. Could be sets,55,99-JJ, possible Ace/broadway flush draws. Should I try to check/raise the flop?

SB is a typical 50/10/1 type if that factors in at all

Poker Stars, $0.02/$0.05 NL Hold'em Cash Game, 6 Players
LeggoPoker.com - Hand History Converter

SB: $19.38
BB: $9.95
Hero (UTG): $5.93
MP: $5.18
CO: $5.18
BTN: $10.27

Pre-Flop: 8[img]/images/graemlins/heart.gif[/img] 8[img]/images/graemlins/spade.gif[/img] dealt to Hero (UTG)
<font color="red">Hero raises to $0.20</font>, MP folds, CO calls $0.20, BTN folds, SB calls $0.18, BB folds

Flop: ($0.65) 7[img]/images/graemlins/spade.gif[/img] 4[img]/images/graemlins/club.gif[/img] 6[img]/images/graemlins/spade.gif[/img] (3 Players)
SB checks, <font color="red">Hero bets $0.40</font>, <font color="red">CO raises to $1.20</font>, Hero folds