But scores from James Eddie and Mark Bennett two minutes from time saw the Warriors snatch victory and leave Davies both frustrated and disappointed in equal measure.
He said: "It was gut-wrenching and disappointing. This group of guys have put some good performances in this year - but that was not one of them.
"It was a game we needed to try and win. We got a point out of it, but we want to try and get four or five so it's very frustrating.
"We didn't get the control that we needed to put them away," he added. "There was some great passages of play at times, but we were nowhere near consistent enough. That has been the same for the season.
"It will come with experience and experiences together. But this is really frustrating because we are 17-7 up at one stage and with eight minutes to go we were 20-13 up.
"You would like to think at home you would finish that off. You have to give credit to Glasgow for the way they came back and stole it at the end."
Davies also revealed a number of injury worries ahead of the RaboDirect PRO12 clash with Leinster at the Arms Park on Thursday.
"Lloyd Williams has hurt his knee, Kristian Dacey has a foot problem and Dafydd Hewitt's ankle forced him off," he said.
"There are a few injuries and we will see how bad the bumps are over the weekend."
"We have another game on Thursday against Leinster and then we go away to Zebre. We have to regroup as quickly as we can.
"There are two games that we have to perform well in. I'm confident we can do that and win the games. We've got to prepare and work harder to try and get a performance out of the players.
"Some of the ambition that we showed, particularly at the start of the first half and start of second half, was good and we showed good intent to play.
"We talked about playing in the right areas and on occasions we did that. When we did that we got over the gain line and kept the ball well. But it wasn't consistent enough over the 80 minutes."