OP: Make Penneywize Not Suck At Omaha

Ran across an interesting thread on 2p2 that discusses AIEV and meta, I'll just leave the link here for future reference.

variance / aiev / meta thread - Small Stakes Pot Limit Omaha - Small Stakes PL Omaha Forum

Also a nice one on finding leaks in a specific circumstance:

Plugging Leaks w/ HEM: 3b pots, CB gets raised - Small Stakes Pot Limit Omaha - Small Stakes PL Omaha Forum

Weird hand.

All opponents other than CO are running something ridiculous like 60+ / ~10 over a small sample. CO runs 30 / 15 or so.

$0.02/$0.05 Pot Limit Omaha Hi
PokerStars
5 Players
Hand Conversion Powered by weaktight.com

Stacks:
UTG ($1.31) 26bb
CO ($12.25) 245bb
Hero (BTN) ($12.64) 253bb
SB ($11.78) 236bb
BB ($4.73) 95bb

Pre-Flop: ($0.07, 5 players) Hero is BTN
UTG calls $0.05, CO calls $0.05, Hero raises to $0.25, SB calls $0.23, BB calls $0.20, UTG calls $0.20, CO calls $0.20

Flop: ($1.25, 5 players)
SB checks, BB bets $0.40, 1 fold, CO raises to $1.20, $1.2 to Hero ($12.39)?

So, BB donks out for 1/3rd pot and gets raised 3x by CO here. Unusual considering that PF ranges are incredibly wide and this board is very dry.

While I don't really understand BB's bet, the raise by CO is even more strange. It seems unlikely he'd be playing 4xxx this way, and even overpairs would prefer just a call here. His range is really hard to figure, but I feel like it's mostly air - he probably feels as though he has fold equity enough to pull this off, given the small bet by our passive friend in the BB and only one player who's not acted yet behind on this street (me).

I end up snapping off here. Good / bad?