Re: AQ offsuit in the SB and a spurious line
I 3bet this hand preflop. The guy is on the button and is described as loose, so AQ is ahead of his range here. Plus you would really like the dead money in the pot (some people do fold for 2 bets back, but even when they don't you have equity).
On a flop like this, I will usually bet out with the intention of 3betting. Since you didn't, you should 3bet this flop to protect your hand.
Given your action, on the turn and river you can certainly bet, but you should be prepared to fold to a raise by any player besides the button.
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