Manchester United loanee Federico Macheda fired Rovers in front after latching on to a pass from Theo Robinson and then restored their lead with a superbly crafted goal after Chris Cohen had equalised.
Cohen scored with a powerful shot and it needed another spectacular strike from Andy Reid to snatch a point for the visitors nine minutes from time.
Davies said: " We might have gone on to win the game after grabbing the second goal but a point's a point away from home and there are no easy games in this league.
"I thought we controlled the ball but lacked a cutting edge.
"Our play in the final third was a bit disappointing although we did well in the first half and they scored against the run of play.
"When it comes to the second half we have to learn not to shoot ourselves in the foot because it was our careless play that led to the second goal."
He added: "We are a work in progress and I'm delighted with where we are at present.
"If I had to pick one of the goals we scored as the best it would have to be Cohen's because he's been inspirational.
"But that's not taking anything away from Reid's goal because that was simply sensational.
"We were a little bit slack at times but we never give in and that's the character these players have."