Preheat oven to 325 F. Coat a bundt pan with cooking spray.
In a medium bowl, whisk together flour, baking powder and salt. In a large bowl, beat together sugar, butter, cream cheese until fluffy. Add eggs, one at a time. Add oil, vanilla extract and orange peel.
Add 1/3 flour mixture to the sugar mixture. Add heavy cream. Add 1/3 more flour. Add tangerine juice. Add final amount of flour and beat until smooth. Pour cake batter into the bundt pan and smooth the top.
Bake cake for 1 hour and 10 minutes. Test cake with a toothpick, it should come out only with crumbs clinging. Remove from the oven and cool on a wire rack for 10 minutes. Remove pan and allow to cool completely right side up.